Yes Bank saw an increase in their shares

Yes Bank from the last three days has been witnessing constant fall, but now seems to have come out of the monotony by witnessing a profit. On Wednesday the Yes Bank reported trading about 2.5% higher than earlier due to the joining of five more stocks in the large-cap stock announced by the Association of Mutual Funds in India (Amfi) during their semi-annual review. The new additions to the large-cap stocks are Adani Enterprises Ltd, Hindustan Agro, Gland Pharma Ltd, Jubilant Foodworks Ltd, and PI Industries Ltd. These changes in the Amfi will be in effect from February – July 2021.

The stocks of The Yes Bank opened at Rs. 18.25 as compared to their earlier close at Rs. 17.95. On BSE, the stocks had gained 2.5% which reached the day’s highest of Rs.18.40. Not just that, the stock also reached a low of Rs. 18 during their early trade on the same day. The stock saw an increase of 2% in the earlier week after Edelweiss Securities said that Yes Bank has been added back to the large-cap stocks by the (AMFI). The stock saw an overall rise of 18% in one month along with the rise of stocks for private banking indexes and companies like Sensex and Nifty that have been at an all-time high for quite some time now. Sensex gained about 7% during the same time.

The Market capitalization of Yes Bank was reported at Rs. 45,474.65 crore today. The stocks of the bank also touched a 52 week high of Rs. 87.95 along with a simultaneous low of Rs. 5.55. The shares of the bank having Rs. 2 face value have declined by about 59% in the last year, though the stocks are trading more than 20, 50, and the 100-day moving averages. The stocks have also seen a low of 5,200- day moving averages. During the regulatory filing for AMFI, Yes Bank brought it to notice that they logged a 1.3% growth for loans.

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