The share price of Yes Bank has had a remarkable surge, climbing 11% year-to-date and 23% in a single month. Indeed, bank shares have increased by 4% in the past six months, but in only one year, the banking stock has fallen by 7.5%. But in just two years, the price of Yes Bank’s stock has increased by 32%.
The price of Yes Bank’s shares fell more than 7% in early trading on Tuesday, ending the company’s three-day winning streak. On the BSE, Yes Bank shares dropped as much as 7.39% to ₹21.55 per.
Yes Bank’s stock price dropped ahead of its board meeting to discuss funding and amid rumors of a block transaction.
Approximately 3% of Yes Bank’s equity shares were exchanged in many blocks during Tuesday’s trading, according to a report by CNBC-TV18. According to the report, the seller of Yes Bank shares in today’s block deals was probably a PE investor.
The media allegations that Sumitomo Mitsui Banking Corporation (SMBC) was requesting RBI approval for a wholly-owned subsidiary to purchase a controlling interest were “factually incorrect,” according to Yes Bank’s clarification.
Discussions pertaining to the issues mentioned in the article are not disclosed to the Bank. Additionally, statements that the Bank had “road map” talks with the RBI are untrue, Yes Bank stated in a regulatory filing on June 3.
Subject to the necessary clearances, the private lender’s board of directors will meet today to discuss ideas to raise money through the sale of debt securities or equity shares through preferential allocation or private placement.
In a regulatory filing on May 28, YES Bank stated that its Board of Directors will meet on Tuesday, June 3, 2025, among other things, to discuss raising money through the issuance of equity shares, debt securities, and/or any other eligible securities (convertible or non-convertible) through legal channels, such as a private placement, preferential issue, or any other method or combination of methods, subject to any necessary approvals.
Additionally, Yes Bank announced that its insider and designated person trading window will be suspended from May 29 until two days following the stock exchanges’ disclosure of the board meeting’s decision.
Yes Bank’s Trend in Share Prices
The share price of Yes Bank has had a remarkable surge, climbing 11% year-to-date (YTD) and 23% in a single month. Indeed, bank shares have increased by 4% in the past six months, but in only one year, the banking stock has fallen by 7.5%. But in just two years, the price of Yes Bank’s stock has increased by 32%.
Technical Prospects
According to Anshul Jain, Head of Research at Lakshmishree Investments, the price of Yes Bank shares is indicating a failed breakout from a three-week tight consolidation, with yesterday’s breakout attempt abruptly reversing.
