Heavy Buying LIC & SBI-Backed Stock Under Rs 30: Stock rallied over 10 per cent Today, FIIs Purchased 200,93,67,970 Shares!
The company’s shares have delivered an impressive return of over 50 per cent in just 1 Year.
Incorporated in 2003, Yes Bank Ltd is engaged in providing a wide range of banking and financial services.
At the start of the day's trading session, the shares of Yes Bank Ltd are currently at Rs 26.70 per share, compared to the previous day's closing figure of Rs 23.96 per share on the BSE. The stock has attracted a heavy volume today, reflecting strong demand in the market. The current market capitalization stands at Rs 84,355.60 crore, and the stock has generated an impressive return of over 55 per cent in just 1 year.
As per the recent update, the Board of Directors of Yes Bank Ltd will convene on Saturday, July 20, 2024, in Mumbai to consider and approve the unaudited standalone and consolidated financial results of the Bank for the quarter (Q1) ended June 30, 2024.
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According to the shareholding pattern, FIIs increased their stake from 22.01 per cent to 28.42 per cent, while DIIs' stake remained at 38.09 per cent. Public or retail investors own a 33.47 per cent stake as per the recent update.
In the Quarterly Results, Yes Bank Ltd reported a profit of Rs 467 crore compared to Rs 206 crore. For FY24, it reported a profit of Rs 1,285 crore versus Rs 736 crore.
Yes Bank is a full-service commercial bank offering a comprehensive range of products, services, and digital offerings tailored for retail, MSME, and corporate clients. The bank also conducts investment banking, merchant banking, and brokerage operations through YES Securities, its wholly owned subsidiary.