YES Bank Shares Soar: A 99{d8bfdd8d472178136c105007797579aed711cc156478bf3d18b135c7cb0fb26c} Rally from Lows and Counting

YES Bank shares have had an incredible upswing, rising more than 10{d8bfdd8d472178136c105007797579aed711cc156478bf3d18b135c7cb0fb26c} in the last trading sessions.

Since October 2023, when the stock fell to Rs 14.10, a 52-week low, it has increased by almost 99{d8bfdd8d472178136c105007797579aed711cc156478bf3d18b135c7cb0fb26c}.

The market value of the private lender has now surpassed Rs 80,000 crore.

The Reserve Bank of India (RBI) gave HDFC Bank permission to purchase up to a 9.5{d8bfdd8d472178136c105007797579aed711cc156478bf3d18b135c7cb0fb26c} interest in YES Bank, which contributed to this increase.

The worth of YES Bank has increased to over twice its initial value in less than four months, and Dalal Street is still talking about it.

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Analysis of Yes Bank Share Hike

YES Bank shares surged 20{d8bfdd8d472178136c105007797579aed711cc156478bf3d18b135c7cb0fb26c} on Wednesday, reaching a fresh 52-week high of Rs 30.42 during the session. The bank\’s entire market value crossed the Rs 87,800 crore threshold. The share closed Tuesday\’s previous trading session at Rs 25.42.

YES Bank\’s shares increased by about 115{d8bfdd8d472178136c105007797579aed711cc156478bf3d18b135c7cb0fb26c} after hitting a 52-week low of Rs 14.10 in October 2023. In the last two sessions, the private lender has gained around 33{d8bfdd8d472178136c105007797579aed711cc156478bf3d18b135c7cb0fb26c}. The stock has increased by almost 78{d8bfdd8d472178136c105007797579aed711cc156478bf3d18b135c7cb0fb26c} in the past year and has already gained 35{d8bfdd8d472178136c105007797579aed711cc156478bf3d18b135c7cb0fb26c} of its value in 2024.

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