YES Bank share price jumps over 6% to hit 52-week high; is there more steam left?
YES Bank share price jumped over 6 per cent to hit its fresh 52-week high of ₹26.25 in intraday trade on NSE on Tuesday, January 16. YES Bank share price opened at ₹24.95 against the previous close of ₹24.75 and jumped 6.1 per cent to the level of ₹26.25. Around 12:35 pm, YES Bank shares were 4.44 per cent up at ₹25.85 on the NSE.
YES Bank share price jumped on Tuesday even as the bank reported the previous day that the Reserve Bank of India (RBI) had imposed a monetary penalty of ₹10,000 and ₹5,000 on the bank for not providing the exchange facilities for the mutilated notes to the public as per RBI's extant instructions and relating to training on cash handling, respectively. YES Bank share price has been witnessing strong gains since November last year. Monthly, YES Bank shares gained 21 per cent in November and 11 per cent in December.
The stock has gained 21 per cent in January so far. Also Read: Aster DM Healthcare share price surges nearly 13% to hit its fresh all-time high Analysts are positive about the bank's prospects. Some of them expect the lender to report healthy December quarter earnings.
YES Bank is to report its December quarter earnings on Saturday, January 27. Brokerage firm Emkay Global expects YES Bank to report a 705.6 per cent year-on-year (YoY) and 62.6 per cent quarter-on-quarter (QoQ) jump in its Q3 net profit at ₹415.1 crore. As per the brokerage firm, net interest income (NII), which is the difference between the interests earned and the interest paid, of YES Bank is expected to increase by 4.5 per cent YoY and 5.3 per cent QoQ to ₹2,059 crore.
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