During Friday’s trading, buying demand in Yes Bank shares resumed after pausing on Thursday. The price of Yes Bank’s shares opened on the NSE with a downside gap at ₹20.05 a share, and in the early hours of Friday morning, it reached an intraday low of ₹19.80 per share.
Yes Bank Share Price Target 2024
Yes Bank is a financial institution that specializes in the new-age payments market. It has a proven track record of making wise choices and showcasing its capacity for sustained commercial expansion.
These consist of enhanced investor trust, better corporate governance procedures, and enhanced financial performance of the bank. The following is the Yes Bank share price target 2024:
|Months||Maximum Price||Minimum Price|
Yes Bank is listed for public trading on both the Indian National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). But since 2021, the bank’s non-performing assets (NPAs) have dramatically decreased due to a number of causes.
Financial Performance of YES Bank
In recent quarters, YES Bank’s financial performance has been inconsistent. The bank has seen a rise in other income and interest received, but it has also seen an increase in operational and interest expense costs.
The profitability of the bank has been impacted by changes in its provisions throughout time. By lowering its net and gross non-performing asset (NPA) percentages, YES Bank has worked to enhance the quality of its assets.
The bank has encountered certain difficulties in producing steady earnings, as seen by the fluctuations in its return on assets (ROA) and net profit margins (NPM). YES Bank needs to improve its performance by increasing its risk management procedures, controlling operating expenses well, and diversifying its sources of income.
Yes Bank Share Price Target
Mehul Kothari, AVP Technical Research at Anand Rathi, discussed the forecast for the price of Yes Bank shares. He stated that the stock has confirmed a range breakout over ₹19.50 levels and is getting ready to move up to the higher levels of ₹22 to ₹24 in the upcoming weeks.
The ₹17 mark serves as support on the downside. Given the non-performing assets of Yes Bank, we can anticipate a significant increase in the bank’s share price due to its improved management, which has been operating exceptionally well recently.
The share price of Yes Bank would undoubtedly rise if the bank recovers the NPA, and investors in the business will also profit handsomely.
Yes Bank’s share price target for 2024 should be at least INR 24, with a maximum target of about INR 35, based on the company’s efforts towards reducing non-performing assets.
Yes Bank Shareholding
Yes Bank has solid market profitability, a sound balance sheet, and excellent fundamentals. With a robust capital adequacy ratio (CAR) of 17.6%, the bank outperforms the required minimum of 11.5%.
At 2.3%, Yes Bank boasts one of the lowest non-performing asset (NPA) ratios in the Indian banking sector.
- Advertisers: 0%
- Stores & Other— 39.14%
- Foreign Establishments: 23.10 %
- Investment funds: 0.12%
- 37.64% of Other Domestic Institutions
Yes Bank Subsidiaries & Joint Ventures
Yes Bank has a number of joint ventures and subsidiaries both domestically and overseas. Among Yes Bank’s prominent subsidiaries are the following:
Securities Limited, Yes
- A fully-owned subsidiary offering wealth management, institutional broking, and investment banking services.
Asset Management Limited, Indeed
- A division that oversees Yes Bank’s mutual fund operations.
International Bank Yes, Inc.
- A division that offers corporate and investment banking services in the United Arab Emirates.
YES Bank-ESAF Microfinance Joint Venture
A partnership with ESAF Microfinance, which offers low-income households microfinance services.
Home Loans from YES-Axis Bank
- A partnership offering house loans and other associated services with Axis Bank.
Capital YES (India) Ltd.
- A partnership that offers venture capital and private equity services to additional investors.
- It is noteworthy that in an effort to grow its clientele and broaden its operations, Yes Bank has also partnered and collaborated with a number of foreign and Indian businesses.
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