Yes Bank recovers after recent slide

Yes Bank rose 1.29% to Rs 344.20 at 13:15 IST on BSE, with the stock recovering on bargain hunting after recent slide.

Meanwhile, the S&P BSE Sensex was down 94.25 points or 0.45% at 21,039.96.

On BSE, so far 3.63 lakh shares were traded in the counter as against average daily volume of 11.66 lakh shares in the past one quarter.

The stock hit a high of Rs 347.50 and a low of Rs 340 so far during the day. The stock had hit a record high of Rs 547.15 on 20 May 2013. The stock had hit a 52-week low of Rs 216.10 on 28 August 2013.

The stock had underperformed the market over the past one month till 13 January 2014, sliding 7.18% compared with the Sensex's 2.02% rise. The stock had also underperformed the market in past one quarter, declining 2.13% as against Sensex's 2.95% rise.

The large-cap private sector bank has equity capital of Rs 360.56 crore. Face value per share is Rs 10.

Shares of Yes Bank had declined 8.28% in six trading sessions to settle at Rs 339.80 on Monday, 13 January 2014 from a recent high of Rs 370.50 on 3 January 2014.

Yes Bank's net profit rose 21.3% to Rs 371.13 crore on 30.2% growth in total income to Rs 2947.39 crore in Q2 September 2013 over Q2 September 2012.

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

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