For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Yes Bank Pares Loss After Trading In Two-Digits; Stock Gains Over 5%

|

Yes Bank is seeing no respite and the stock now trades in double-digits for the first time in 5 years as investors turn cautious due to private sector lender's higher share of exposure to debt-ridden companies.

Yes Bank Pares Loss After Trading In Two-Digits; Stock Gains Over 5%
 

The stock took a beating after global rating agencies' downgraded the stock. UBS maintains Sell call for the stock and it is mainly as the bank is seen to face pressure on the asset quality front with more of exposure to stressed corporate accounts.

As per an IIFL report, the bank's exposure to debt in cash-strapped companies including DHFL and Jet Airways amounts to as much as Rs 3,700 crore and Rs. 550 crore, respectively.

Since, reporting its quarterly loss at 1,506 crore for the March ending period 2019, the stock has tumbled heavily to the tune of over 50%.

Yes Bank stock was last seen quoting at Rs. 108.65, up Rs. 5.4 or 5.23%108.65Rs. 108.

GoodReturns.in

Read more about: yes bank ubs jet airways dhfl
Story first published: Thursday, June 20, 2019, 13:06 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more