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Shares of YES Bank hit all-time high on upbeat Q1 and asset quality.
The stock rose as much as 4.1 per cent to a record high of Rs 1,782.50. The stock was among the top percentage gainers on main NSE index.
YES Bank had on Wednesday posted a better-than-expected 32 per cent rise in Q1 profit and a lower bad loan ratio.
Morgan Stanley, JPMorgan, Jefferies, Nomura and Deutsche Bank have raised their target prices on the stock after the results.
“YES made the right noises with a reasonably strong set of numbers, sobering words around asset quality, indicating the stressed segments and on de-risking strategies,” Jefferies analysts wrote in a note.
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