Yes Bank Shares Jumped 8% Today; Here's What Is Pushing The Stock Higher

Shares of YES Bank Ltd saw a crisp uptick successful Friday's trading session, climbing 8.29 per cent to deed a precocious of Rs 19.73. The banal was past seen up 7.24 per cent astatine Rs 19.54. At this price, it has gained 10.96 per cent past 5 trading days.

A fewer marketplace experts attributed this upward move to a imaginable liking acquisition by Japan-based Sumitomo Mitsui Banking Corporation (SMBC). YES Bank, connected its part, has issued its explanation connected SMBC's talks, stating that nan backstage lender is connected a maturation trajectory and it routinely explores opportunities pinch various stakeholders.

Kranthi Bathini, Director of Equity Strategy astatine WealthMills Securities, said, nan caller study of a overseas slope acquiring a important liking successful YES Bank has been creating immoderate affirmative momentum connected nan counter. "The past quarter's results person been bully and besides nan BFSI sector's outlook is creating immoderate buying liking successful nan backstage lender. Investors pinch a high-risk appetite and semipermanent tin clasp connected to YES Bank," he added.

Amit Goel, co-founder and main world strategist astatine Pace 360, said nan plus guidance institution (AMC) has 'aggressively' purchased shares of YES Bank Ltd. 

"We bought YES Bank (stock) successful a very large way. My consciousness is that location are very bully things to hap successful nan lawsuit of YES Bank complete nan adjacent fewer months. I judge would decidedly springiness america astir 15-20 per cent returns complete nan adjacent fewer months. We bought YES Bank very aggressively," he stated.

"We bought YES Bank shares arsenic nan dynamics are very different there. I'm hoping that each nan required RBI clearances and approvals will travel successful and this would efficaciously go a Sumitomo (Japan) slope successful India," Goel besides said.

Meanwhile, State Bank of India (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.

Published on: May 9, 2025 11:58 AM IST