YES Bank hits all-time high on upbeat Q1, asset quality

Rajalakshmi S Updated - January 11, 2018 at 04:18 PM.

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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.

Published on July 27, 2017 06:04