Yes Bank share price falls for fourth straight session; down 22% from its 52-week high
₹25.56 apiece on the BSE. Around 40 crore equity shares of Yes Bank were traded on Wednesday as against its one-week average volumes of 43 crore. Yes Bank share price hit a 52-week high of ₹32.81 apiece February 09, 2024.
The stock has fallen 22% since then in eight trading sessions. However, despite the recent price fall, Yes Bank shares are up nearly 20% year-to-date (YTD) and up 30% in the past three months. On February 15, it was reported that global investment firm Carlyle Group sold a 1.3% stake in Yes Bank for ₹1,057 crore through an open market transaction.
CA Basque Investments, an affiliate of the US-based Carlyle Group, had offloaded 39 crore Yes Bank shares on the BSE. Carlyle Group’s shareholding declined to 5.08% from 6.43% stake in Yes Bank. On the other hand, Morgan Stanley Asia Singapore PTE had bought 30 crore Yes Bank shares, amounting to 1.06% of the total equity, for ₹830 crore via a bulk deal on the same day.
The transaction was done at ₹27.1 per share. Also Read: Yes Bank Q3 results 2024: Net profit at ₹231 crore, NII up 2.3% Meanwhile, Yes Bank had reported a net profit of ₹231 crore in the quarter ended December 2023, from ₹51.5 crore a year ago. The lender’s net interest income (NII) in Q3FY24 increased by 2.3% YoY to ₹2,016.8 crore.
Its gross non-performing assets (NPA) remained steady at 2%, while net NPA improved to 0.9%. At 2:50 pm, Yes Bank shares were trading 3.91% lower at ₹25.56 apiece on the BSE. Catch Stock Market Live Updates hereMilestone Alert!
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