Current Share Price of Yes Bank
As of September 30th, at noon, Yes Bank’s shares are priced at ₹22.59. This marks a decrease of 0.7% from the previous closing value. The benchmark index, Sensex, is trading at ₹84616.71, reflecting a decline of 1.12%. During today’s trading, the stock reached a high of ₹22.77 and a low of ₹22.47.
Technical Analysis Overview
From a technical standpoint, Yes Bank is currently trading below its short-term simple moving averages (SMA) of 5, 10, and 20 days, as well as its longer-term moving averages of 50, 100, and 300 days. This suggests a bearish trend in the stock’s performance.
SMA Values and Pivot Levels
The following levels indicate key support and resistance points for Yes Bank:
| Resistance Levels | Support Levels |
|---|---|
| ₹23.03 | ₹22.57 |
| ₹23.32 | ₹22.40 |
| ₹23.49 | ₹22.11 |
Volume Analysis
As of 12 PM today, trading volumes on both the NSE and BSE for Yes Bank have decreased by 47.57% compared to the previous session. Volume trends are essential indicators of market sentiment and can signify potential price movement. Positive price changes paired with increased volume are often viewed as a sign of sustainable growth, while negative fluctuations with high volume may indicate further declines.
Market Sentiment
According to Mint’s technical analysis, Yes Bank’s stock is presently in a strong downtrend, raising concerns among investors about its future performance. This is further compounded by the decline seen in peer institutions like IDBI Bank, Indian Bank, and UCO Bank today, although IDFC First Bank is experiencing gains despite sector-wide downturns.
Fundamental Analysis Metrics
Evaluating the fundamentals of Yes Bank, the company’s return on equity (ROE) stands at 3.10%. The stock’s current Price-to-Earnings (P/E) ratio is 46.85, and the Price-to-Book (P/B) ratio is noted at 1.56, which provides investors insight into its valuation.
Growth Forecast
The median forecast for Yes Bank shares indicates an upside potential of 24.92%, with a target price projected at ₹16.96 over the next year. This projection reflects the sentiment of analysts concerning future growth prospects, albeit the current challenges facing the stock.
Institutional Holdings
Recent filings reveal that promoter holding is currently at 0.00%, with mutual fund (MF) holdings at 4.17% and foreign institutional investor (FII) holdings at 11.03% as of the June quarter. There has been a slight increase in MF holding from 4.16% in March, and FII holdings have risen from 10.48% to 11.03% within the same timeframe.
Conclusion
Yes Bank’s share price has dropped by 0.7% today, settling at ₹22.59. This performance is noted amid a trend of mixed results among its peers, with the overall market downturn reflected in declines in the Nifty and Sensex indices, which are both down by approximately 1.1% and 1.12%, respectively. Investors should exercise caution and consider both technical and fundamental indicators when making decisions related to Yes Bank shares.
