Authored by : Rishabh Raj Updated Jul 8, 2024 13:07 IST Yes Bank Share Price Target 2024: YES Bank reported 15% YoY growth in loans and advances for Q1 FY 2025.
Leading private sector lender Yes Bank too is set to declare its earnings report for Q1 FY25 this month.
YES Bank Q1 Update YES Bank reported 15% year-on-year (YoY) growth in loans and advances for the first quarter ended June 2024.
Gangadharan has recommended to buy Yes Bank shares around Rs 26.65 for a target of Rs 31.
Yes Bank Share Price History Yes Bank is a constituent of the S&P BSE 100 and boasts a market cap of Rs 80,940.01 crore.
Authored by : Rishabh Raj Updated Jul 8, 2024 13:07 IST Yes Bank Share Price Target 2024: YES Bank reported 15% YoY growth in loans and advances for Q1 FY 2025. (Image: Shutterstock/ET NOW News)
Yes Bank Share Price , Q1 Results FY 2025 Date and Time: As the earnings season has begun, many listed companies are announcing their first quarter earnings for the financial year 2024-25. Leading private sector lender Yes Bank too is set to declare its earnings report for Q1 FY25 this month.
The private lender's counter has witnessed heavy buying interest as its shares jumped over 14 per cent in the previous two sessions with above average volumes. On Monday, July 8, Yes Bank's shares, at 12:45 PM, were trading at Rs 25.88, down 2.85 against its previous closing price.
During the session, before erasing the initial gains, the stock jumped to the day's high at Rs 27.44 on NSE. So far 381.84 lakh shares changed hands on BSE against the previous two week's average volumes of 303.32 lakh.
Yes Bank Q1 Results FY 2025 Date and Time: Quarterly Earnings Schedule Details
Yes Bank Ltd, on July 3, informed the bourses that a meeting of the Board of Directors of the Company is scheduled on July 20, 2024, inter alia, to consider and approve Intimation of the date of the Board Meeting for considering Un-audited Financial Results for the Quarter (Q1) ended June 30, 2024.
“Notice is hereby given that a meeting of the Board of Directors of YES BANK Limited (the "Bank") will be held on Saturday, July 20, 2024, at Mumbai, inter alia, to consider and approve the Un-audited Standalone and Consolidated Financial Results of the Bank for the Quarter (Q1) ended June 30, 2024,” the private lender said in the exchange filing on July 3.
“…this is to inform that the Trading Window for dealing in Securities of the Bank shall remain closed for the Designated Persons (including their immediate relatives) of the Bank and its subsidiary till 48 hours post publication of results and such persons shall not be permitted to trade in the securities of the Bank till 48 hours post publication of results,” it added.
YES Bank Q1 Update YES Bank reported 15% year-on-year (YoY) growth in loans and advances for the first quarter ended June 2024. The company's loans stood at Rs 2.29 lakh crore in the reporting quarter as against Rs 2 lakh crore in the same quarter of last year.
Deposits grew 21% year-on-year to Rs 2.64 lakh crore in the June quarter as against Rs 2.19 lakh crore a year earlier.
The bank's credit-to-deposit ratio for the first quarter stood at 86.4%, lower than 91.3% in the same quarter last year. The liquidity coverage ratio improved to 137.8% in the April-June 2024 period.
YES Bank reported a 123% year-on-year surge in its March quarter profit to Rs 452 crore, while net interest margins or NIMs were steady at 2.4%.
Yes Bank Share Price Target 2024 According to Subash Gangadharan, Senior Technical/Derivative Analyst at HDFC Securities, "The stock trades above key moving averages like the 20-day and 50-day SMA and momentum readings like the 14-day RSI are in rising mode and not overbought, which augurs well for the intermediate uptrend to continue."
Gangadharan has recommended to buy Yes Bank shares around Rs 26.65 for a target of Rs 31. The stop loss, he suggested, should be at Rs 24.
Yes Bank Share Price History Yes Bank is a constituent of the S&P BSE 100 and boasts a market cap of Rs 80,940.01 crore.
According to BSE Analytics as on July 8, the bank's shares have climbed 14.05 per cent on an year-to-date (YTD) basis.
Shares of Yes Bank have traded northward by 7.32 per cent in the past one week. In six month, the stock has given a return of 6.52 per cent in six months and 47.97 per cent in one year, respectively.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
