YES Bank: After 3 days shares rising?

The stock price YES Bank was trading at a higher tad during Thursday’s situation, which is among the most volatile bank debt on both the BSE and the NSE today.

Going back from three consecutive collapses, the stock of private lenders opened up above Rs 16.25 with a previous close of Rs 16.30. The stock gained 1.5% and above the day at Rs 16.55 and hit a low intraday of Rs 16.05.

YES Bank stocks sell more than five and 100-day moving averages but less than 20, 50 and 200 moving averages.

The allocation is reduced by 10% per month. For the year so far, stock has dropped by 9%. However, it increased by 8% in one week.

The market capitalization of the lender stands at Rs 40,714.22 crore. The stock affected 52 weeks high of Rs 87.95 and 52 weeks low of Rs 5.55. The share of the private borrower, with a face value of Rs 2 decreased by 53% in one year.

In the meantime, Emkay Research has issued a ‘Sell’ rate to the bank and placed a nominal amount of Rs 11 on the share, given lower repayment rates and a higher negative rate at higher rates. Similarly, ICICI Securities said in a recent report that YES Bank earnings for the quarter of December had raised fears about its quality issues and offered a “hold” rate on the stock at a revised price of Rs 16.

The portfolio risk is reflected from, high unemployment loans or NPLs (from 1.5% to 5%), SMA-2 pool (from 2.4% to 4%), SMA -1 (from 1.6% to 7.3), with additional reconstruction outside the lake at 3.2% more and more than 22% of non-functional label assets, “he added.

YES Bank said its interest rate jumped to Rs 2,560.4 crore from Rs 1,064.7 crore YoY. Private sector lenders sent a total profit of Rs 151 crore in the third quarter ended December 2020 (Q3FY21) with a dramatic loss of Rs 18,560 crore in the third quarter ended December 2019 (Q3FY20). Consequently, gross profit had increased by 16.5%.

The bank saw a 2% quarterly increase in the loan statement to Rs 1,69,721 crore in the third quarter. Capital satisfaction stood at 19.5% in December 2020. It added 225,000 customers per quarter and reported a total NPA value of 15.36% as at 31 December.

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