Yes Bank gains after robust Q4 results

Yes Bank announced Q4 results during market hours today, 17 April 2013.

Meanwhile, the BSE Sensex was up 61.42 points or 0.33% at 18,806.35.

On BSE, 3.69 lakh shares were traded in the counter as against average daily volume of 2.54 lakh shares in the past one quarter.

The stock hit a high of Rs 478.95 and a low of Rs 467.55 so far during the day. The stock had hit a record high of Rs 539 on 4 February 2013. The stock had hit a 52-week low of Rs 294.25 on 18 May 2012.

The stock had outperformed the market over the past one month till 16 April 2013, sliding 1.1% compared with the Sensex's 3.51% fall. The scrip, however, underperformed the market in past one quarter, declining 9.45% as against Sensex's 5.41% slide.

The large-cap private sector bank has equity capital of Rs 358.62 crore. Face value per share is Rs 10.

Yes Bank's board of directors at its meeting held on today, 17 April 2013, has empowered the capital raising committee, a sub committee of the board, to raise funds by way of issuance of equity capital up to $500 million in one or more tranches on such terms and conditions as it may deem fit. The issuance may be by way of qualified institutions placement (QIP) or any other international offering like global depository receipts (GDRs)/American depository receipts (ADRs), ordinary shares through (depository receipt mechanism) scheme 1993, follow on public issue (FPO) or by any other appropriate mode as decided by the capital raising committee.

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