Yes Bank Share Price: There is a tremendous rise in the shares of Yes Bank today. This banking stock NSE today gained 13.44% to reach Rs 17.30. After this rally, these shares reached the highs after January 2021. In intraday trading today, the stock jumped by almost 15% to Rs 17.88, which is its all-time high share price. Earlier on January 25, 2021, the stock went up to Rs 17.55.
Because of this the stock is increasing
Shares of Yes Bank climbed more than 20 percent in the last two trading days. Actually, there is a big reason behind the rise in stocks. This is because the bank has announced to raise equity capital of approximately ₹1.1 billion (Rs 8,900 crore) from two giant global private equity investors Carlyle and Advent International. Yes Bank in its board meeting last week approved proposals for private equity investment. Yes Bank will sell its 10% equity stake to Carlyle Group and Advent International for Rs 8,898 crore. Explain that Yes Bank of the private sector will issue 184 crore equity shares to Carlyle at ₹ 13.78 per share. The funds to which the stake in Yes Bank will be sold are CA Bossue and Verventa Holdings.
Brokerage Firms Are Bullish
Analysts at Kotak Securities are of the view that the bank’s stock is quite positive and should be viewed as an investment idea. According to stock market experts, the shares of Yes Bank are rising after fund-raising and strong quarterly results. According to Ravi Singh, Chairman and Research Head, Share India, soon this stock can go beyond Rs 19.
(Disclaimer: The performance information provided here is not investment advice only. Investing in the stock market is subject to risks and please consult your advisor before investing.)