Stock market today: Yes Bank shares jump 6% after NPA portfolio update. Experts see more upside

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Stock market today: Despite weak market sentiments, Yes Bank shares are attracting strong buying interest during Monday deals. After opening flat during early morning session on Monday, Yes Bank shares attained bull trend all of a sudden and touched intraday high of ₹19.50 per share on NSE, logging near 6 per cent rise from its close price of ₹18.40 on NSE during Muhurat trading session on Sunday.

According to stock market experts, Yes Bank share price today skyrocketed after the positive update on sale of NPA portfolio. They said that Yes Bank has declared that it has received ₹120 crore from sale of NPA portfolio to JC Flowers ARC, which has attracted attention of stock market bulls.

Mauritius-based FII buys stake in this multibagger energy stock On reason that has fueled Yes Bank share price today, Avinash Gorakshkar, Head of Research at Profitmart Securities said, “Yes Bank share price rising today as the private lender has informed Indian stock market exchanges about receipt of redemption amount from sale of NPA portfolio to JC Flowers ARC. The private bank had informed about the development in December last year, but it has now informed about receipt of ₹120 crore from that NPA portfolio sale." NSE SME stock turns ₹1.34 lakh to ₹5.85 lakh in six years Expecting more upside in Yes Bank shares, Sumeet Bagadia, Executive Director at Choice Broking said, “Yes Bank shares are looking positive on chart pattern and those who have this stock in portfolio are advised to hold the stock for near term target of ₹22 apiece levels.