Private sector lender YES Bank‘s shares on Monday saw a strong jump on the back of heavy buying after its strong Q4 FY24 results. Its share price on April 29 opened higher at Rs 27.50 apiece on the NSE and went on to touch an intraday high of Rs 28.55 per share within a few minutes of the stock market opening. Its shares registered an 8 per cent intraday surge on Monday.
Shares of YES Bank opened on Monday at nearly 28.10 apiece on the BSE. As on 10:10, the lender’s shares were however trading Rs 1.28 or 4.86 per cent higher to Rs 27.4 apiece on the BSE.
Private sector lender YES Bank on Saturday reported a 124 per cent surge year-on-year in its net profit to Rs 454 crore for the March 2024 quarter. Its net interest income during January-March 2024 rose 2.3 per cent to Rs 2,153.1 crore, compared with Rs 2,105.2 crore a year ago.
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Its net profit had stood at Rs 202.4 crore in the corresponding period last year.
YES Bank’s operating profit during January-March 2024 stood at Rs 902.47 crore, as compared with Rs 888.90 crore a year ago.
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