If You Invested ₹10,000 In Yes Bank A Year Ago, Here's How Much You'd Have Today
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

Yes Bank shares jumped up over 2% to hit an intraday high of ₹16.35. The surge in the stock comes as the debt-ridden bank’s board approved raising ₹2,500 crore through debt securities.

The Investment: If you had invested ₹10,000 in Yes Bank a year ago, you would have bought approximately 778 shares. With the current market price at ₹16, your investment would now be worth approximately ₹12,448.

See Also: Why This Suzlon Analyst Is Positive About The Firm’s Growth Prospects

Background: The troubled bank that has wiped over 90% of investors’ money in the last five years continues to garner great interest. At the end of the March quarter, the bank had over 50 lakh shareholders – the most for any stock listed in India. The bank also became the first stock to cross the 50-lakh mark. As per the data, around 49.7 lakh of the total investors are those with investments up to ₹2 lakhs.

On the flip side, the bank’s financials remain dampened in the March quarter. The company's profits took a major hit in Q4. The troubled bank reported net profits of ₹202 crore, down around 45% from the ₹503.2 crore profits it booked in the corresponding quarter. The profits missed consensus estimates.

Price Action: Yes Bank's share price was up 0.94% to trade at ₹16.15 in the late hours of trading on Monday.

Disclaimer: Benzinga India doesn't give financial advice. The above article is for educational purposes alone.

Editor's Note: Artificial intelligence was used as a secondary aid in the writing of this story.

Read Next: This Pharma Stock Made Rekha Jhunjhunwala ₹11 Cr Richer Today

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
EducationGeneralYes Bank