Yes Bank Shares Fall 8.5%, Break 3-Day Gaining Streak Amid Rs 2,022 Cr Block Deal Ahead of Board Meeting Today

Private lender Yes Bank shares dropped by 8.47% on Tuesday, hitting an intraday low of Rs 21.55 and breaking its three-day gaining streak on the Bombay Stock Exchange (BSE). The sharp fall came after around 3% of the bank's equity was reportedly traded in multiple block deals during the early session and ahead of its board meeting to consider fundraising.

Yes Bank Share Price Today

NSE: YESBANK: As of June 3rd at 10:21 AM, Yes Bank Ltd is trading at Rs 21.31 on National Stock Exchange (NSE). The stock has fallen by Rs 1.97, which is a decline of 8.46% so far today.

Yes Bank Ltd opened at Rs 22.93 on Tuesday, reaching a high of Rs 22.93 and a low of Rs 21.06 during the trading session. The company has a market capitalization of Rs 66,850 crore and a price-to-earnings (P/E) ratio of 27.32. Over the past 52 weeks, the stock has traded between a low of Rs 16.02 and a high of Rs 27.44.

Yes Bank Stock Movements

Yes Bank's share price has shown notable movement recently. Over the past month, the stock experienced a strong rally, gaining 23%, indicating growing investor interest. On a year-to-date (YTD) basis, the shares have also risen by 11%, showing positive performance since the start of the year.

Looking at a slightly longer period, Yes Bank shares have increased by 4% over the last six months. However, when compared to the same time last year, the stock has fallen by 7.5%, reflecting some volatility. Despite this, the bank's share price has performed well over the longer term, delivering a 32% return to investors over the past two years. This mixed performance highlights both short-term gains and longer-term growth potential.

Yes Bank emerged as the third-best performer on the Nifty 500 index on Tuesday, closing with a gain of more than 8%. The surge came after reports indicated that Sumitomo Mitsui Banking Corporation (SMBC), which recently took a stake in the bank, is in the process of seeking approval from the Reserve Bank of India to set up a wholly-owned subsidiary. This step is seen as part of SMBC's plan to acquire a controlling interest in Yes Bank.

Yes Bank saw a flurry of activity on Tuesday as close to 3% of its equity was offloaded through multiple block deals. Market sources believe a private equity firm may have been behind the large-volume selloff, according to CNBC-TV18.

YES Bank Board Meeting Today

Meanwhile, Yes Bank's board of directors is scheduled to meet today to discuss plans for raising capital. The bank may consider issuing equity shares or debt instruments through private placement or preferential allotment, depending on necessary approvals.

The bank said in a regulatory filing, "The meeting of the Board of Directors of YES Bank Limited is scheduled to be held on Tuesday, June 03, 2025, inter alia, to consider raising of funds by way of issuance of equity shares, debt securities and/or any other eligible securities (convertible/non-convertible) through permissible modes, including but not limited to a private placement, preferential issue or any other method or combination of methods, subject to such approvals as may be required."

Yes Bank announced that the trading window for designated persons and insiders will close from May 29. It will remain shut until two days after the board meeting outcome is shared with the stock exchanges.