'speculative At This Time': Yes Bank On Japan's Smbc Talks For Stake Acquisition; Stock Erases Most Gains

Yes Bank Ltd issued its explanation connected Tuesday complete a news report, titled: "YES Bank shares soar 9% amid Japan's SMBC's talks pinch SBI for liking acquisition". The backstage lender mentioned that it is connected a maturation trajectory and routinely explores opportunities pinch various stakeholders, which are aimed astatine enhancing shareholder value.

"However, specified discussions are preliminary and do not warrant a disclosure nether Regulation 30 of nan SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, astatine this stage. The accusation pertaining to these discussions arsenic group retired successful nan article is speculative astatine this clip and are not factually correct," YES Bank stated.

"We are not alert of immoderate accusation that has not been announced to nan Exchanges, which requires disclosures nether Regulation 30 of nan SEBI (LODR) Regulations, 2015, astatine this stage," nan slope besides said.

"We person been and will support nan Stock Exchanges informed of immoderate worldly events arsenic required nether Regulation 30 of nan Listing Regulations," it further stated.

SBI presently owned a 24 per cent liking successful nan bank, while different home entities specified arsenic Kotak Mahindra Bank, Axis Bank, ICICI Bank and Life Insurance Corporation of India (LIC) held a mixed liking of 11.34 per cent successful YES Bank. And, backstage equity (PE) costs Advent International and Carlyle reportedly held 9.2 per cent and 6.84 per cent, respectively.

On nan stock-specific front, YES Bank shares zoomed 9.65 per cent to deed a time precocious of Rs 19.44 successful early trade. However, nan banal gave up a coagulated chunk of its gains arsenic nan convention progressed and was past seen trading 1.35 per cent up astatine Rs 17.97.

Technically, nan scrip traded higher than nan 5-day, 20-, 30-day and 50-day elemental moving averages (SMAs) but little than nan 10-day, 100-, 150-day and 200-day SMAs. Its 14-day comparative spot scale (RSI) came astatine 54.10. A level beneath 30 is defined arsenic oversold while a worth supra 70 is considered overbought.

The company's banal has a price-to-earnings (P/E) ratio of 26.51 against a price-to-book (P/B) worth of 1.22. Earnings per stock (EPS) stood astatine 0.68 pinch a return connected equity (RoE) of 4.57. According to Trendlyne data, YES Bank has a one-year beta of 1.1, indicating precocious volatility.

It witnessed dense trading measurement coming arsenic astir 3.07 crore shares changed hands connected BSE astatine nan clip of penning this story. The fig was higher than nan two-week mean measurement of 91.75 lakh shares. Turnover connected nan antagonistic came astatine Rs 57.15 crore, commanding a marketplace capitalisation (m-cap) of Rs 56,378.40 crore.

Published on: May 6, 2025 1:21 PM IST