Yes Bank shares upsurge on credit rating upgrade, see details

Yes Bank Share Price Today: Yes Bank stock has increased by 45 percent in a year and declined by 6 percent in 2024.
Shares of private sector lender Yes Bank Ltd were trading 1% higher today after credit rating firm Crisil Ratings upgraded the bank’s long-term ratings on tier-II bonds (under Basel III) and infrastructure bonds. The ratings were upgraded to ‘CRISIL A+/Stable’ from ‘CRISIL A/Positive’. CRISIL Ratings also affirmed its short-term rating ‘CRISIL A1+’ on the bank’s certificates of deposits (CDs).
Shares of Yes Bank rose 1.09% to Rs 24.84 on BSE from its previous close of Rs 24.58. Yes Bank stock has increased by 45 percent in a year and declined by 6 percent in 2024. The market cap of the bank today stood at Rs 77,282 crore. Yes Bank has a one-year beta of 1.3, indicating very high volatility during this period.
In terms of technicals, the Relative Strength Index (RSI) of Yes Bank stock stands at 50.4, which shows that the stock is neither overbought nor oversold on the charts.
Yes Bank stock is trading above 5 day, 10 day, 20 day, 50 day, 100 day, 150 day, 200 day but below 30 day moving average.
The private lender reported a 47 percent rise in its year-on-year (YoY) standalone net profit in Q1. Net profit in Q1 stood at Rs 502.43 crore, compared with Rs 342.52 crore in the year-ago period. Total income increased by 17.59 percent to Rs 8,918.14 crore in Q1FY2015 from Rs 7,584.34 crore in the same period last year.

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