YES Bank stock jumps nearly 33% as concerns over promoter pledge ease

Shares of YES Bank jumped 33 per cent on Thursday after the analyst call,  recouping all the losses suffered in the previous session. The stock ended at Rs 42.6 on the BSE, with Rs 2,500 crore worth of shares being traded.

On Tuesday, the stock had crashed 23 per cent from Rs 41.5 to Rs 32 after Reliance Nippon Life Mutual Fund invoked and sold 100 million pledged shares of Rana Kapoor.

Ravneet Gill, CEO of YES Bank, said the drop in share prices wasn’t a reflection of the bank’s performance and that the fundamentals remained strong. Analysts said the