Yes Bank’s share price has risen significantly in 2024. On February 8, 2024, the bank’s stock price rose 17.35%, finishing at 25.42 per share. This represented a significant gain from the closing price of 22.8 per share on February 6, 2024. The stock is currently trading for 29.83 per share.
Potential stake sale by SBI
According to reports, India’s largest lender, State Bank of India (SBI), plans to sell shares worth Rs 5,000-7,000 crore in a block sale. This news has boosted Yes Bank’s share price.
Deal with Leremitt.
Yes Bank has explained its potential partnership with LeRemitt, a fintech firm. The bank noted that the arrangement is in its early stages and has no significant influence on its business volumes or revenues.
RBI Approval HDFC Bank
Yes Bank received notification from the Reserve Bank of India (RBI) of HDFC Bank’s approval to acquire up to 9.50% of Yes Bank’s paid-up share capital or voting rights. The RBI has given HDFC Bank a one-year timeframe to complete the acquisition.
Investors should pay attention to Yes Bank’s stock price in the following days and weeks to see how it responds to these developments. The bank’s shares have risen by 45% in the last three trading sessions, showing that investors are bullish.
Please keep in mind that this information is current as of February 8, 2024, and is subject to change as new information becomes available.
Forecasrt For YES Bank
2024 Forecast:
2025 Forecast:
- The consensus price target for Yes Bank’s shares in 2025 is around ₹20 to ₹25.
- Another source suggests that the Yes Bank share price target for 2025 is estimated to vary between a minimum of ₹31 and a maximum of ₹38, with an average target of ₹34.
- Yet another source sets the target for 2025 at ₹35.50.
