Yes Bank extends post-result gains

Yes Bank rose 3.05% to Rs 943.55 at 11:20 IST on BSE, with the stock extending Wednesday's gains triggered by the bank reporting strong Q4 results.

Meanwhile, the S&P BSE Sensex was down 160.29 points or 0.61% at 25,903.83.

On BSE, so far 5.64 lakh shares were traded in the counter as against average daily volume of 4.14 lakh shares in the past one quarter. The stock hit a high of Rs 947.75 so far during the day, which is a record high for the counter. The stock hit a low of Rs 915 so far during the day. The stock had hit a 52-week low of Rs 590 on 24 August 2015. The stock had outperformed the market over the past one month till 27 April 2016, gaining 7.97% compared with Sensex's 2.87% rise. The scrip had also outperformed the market in past one quarter, advancing 35.19% as against Sensex's 6.42% rise.

The large-cap private sector bank has equity capital of Rs 420.75 crore. Face value per share is Rs 10.

Shares of Yes Bank have risen 3.62% in two trading sessions from its close of Rs 910.55 on 26 April 2016, after the bank reported strong Q4 March 2016 results during trading hours yesterday, 27 April 2016. The stock had risen 0.55% to settle at Rs 915.60 on that day.

Yes Bank's net profit rose 27.42% to Rs 702.11 crore on 17.73% rise in total income to Rs 4331.11 crore in Q4 March 2016 over Q4 March 2015. The bank's provisions and contingencies jumped 47.56% to Rs 186.46 crore in Q4 March 2016 over Q4 March 2015. The provision coverage ratio dropped to 62% as on 31 March 2016 from 66.5% as on 31 December 2015. The provision coverage ratio stood at 72% as on 31 March 2015.

Yes Bank's gross non-performing assets (NPA) stood at Rs 748.98 crore as on 31 March 2016 as against Rs 558.57 crore as on 31 December 2015 and Rs 313.40 crore as on 31 March 2015. The ratio of gross NPA to gross advances stood at 0.76% as on 31 March 2016 as against 0.66% as on 31 December 2015 and 0.41% as on 31 March 2015. The ratio of net NPA to net advances stood at 0.29% as on 31 March 2016 as against 0.22% as on 31 December 2015 and 0.12% as on 31 March 2015.

Meanwhile, according to media reports four foreign brokerages have raised their target price on Yes Bank stock in the wake of the bank's impressive Q4 earnings.

Yes Bank is a private sector bank with a pan India presence.

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