Yes Bank drops amid volatility

Yes Bank lost 0.12% to Rs 1,253.50 at 11:06 IST on BSE amid volatility after the bank said it will issue update on qualified institutional placement and fund raising when its board will meet on 20 October 2016 for announcing the bank's Q2 results.

The announcement was made after market hours yesterday, 13 October 2016.

Meanwhile, the S&P BSE Sensex was up 8.06 points or 0.03% at 27,651.17.

On BSE, so far 34,000 shares were traded in the counter as against average daily volume of 2.67 lakh shares in the past one quarter. The stock lost as much as 0.87% at the day's low of Rs 1,244 so far during the day. The stock rose as much as 0.56% at the day's high of Rs 1,262.15 so far during the day. The stock had hit a 52-week low of Rs 632.25 on 20 January 2016. The stock had hit a record high of Rs 1,450 on 7 September 2016. The stock had outperformed the market over the past one month till 13 October 2016, advancing 4.12% compared with 2.51% fall in the Sensex. The scrip had also outperformed the market in past one quarter, surging 9.38% as against Sensex's 0.62% fall.

The large-cap bank has equity capital of Rs 422.28 crore. Face value per share is Rs 10.

Yes Bank said that a meeting of the board of directors of the bank will be held on 20 October 2016, to consider Q2 September 2016 results and to update on qualified institutional placement (QIP) and fund raising by way of QIP and debt issues, under the current shareholders approval which is valid till 6 June 2017.

Yes Bank's net profit rose 32.8% to Rs 731.80 crore on 25.4% growth in total income to Rs 4762.83 crore in Q1 June 2016 over Q1 June 2015.

Yes Bank is one of the leading private sector banks in India.

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