If You Invested ₹10,000 In Yes Bank 1 Year Ago, Here's How Much You'd Have Today

Yes Bank shares were cruising at the bourses on Monday after the lender posted strong results for the quarter ended March. The troubled bank saw its shares surge around 9% to hit an intraday high of ₹28.55. So if you took a bet on the stock last year, here’s what would have happened.

The Investment: If you invested ₹10,000 in the Bank on April 28, 2023, when it was trading at around ₹15.60, you would have received around 641 share of the company. Today, those 641 shares would have been worth around ₹17,300.

See also: Why ICICI Bank’s Share Price Is Climbing Nearly 2% After Q4 Results

Q4 Earnings: The private lender reported a 123% year-on-year (YoY) increase in its profit for the March quarter, reaching ₹452 crore. This surge in profit is primarily attributed to income tax refunds totalling ₹247 crore, which includes interest on a refund of ₹118 crore received during the quarter.

Analysts at Kotak Securities were not overly impressed by the numbers. The brokerage firm has upheld its “sell” call on the stock with a target price of ₹19. This target reflects approximately a 20% downside from the stock’s current market price of around ₹27. Kotak Securities emphasised that while one-offs have dominated the Q4 earnings, the recovery process for Yes Bank is expected to be slow.

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

Note: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

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Posted In: EquitiesMarketsYes Bank