Yes Bank hits 52-week low in firm market, down 33% thus far in 2021

Analysts at Emkay Global Financial Services expect the bank's RoA trajectory to remain sub-par at 0.5-0.8 per cent over FY23-24E vs. management expectation of 1-1.5 per cent

Shares of Yes Bank hit a 52-week low of Rs 11.89, down 1 per cent on the BSE in intra-day trade on Thursday in an otherwise firm market. The stock of the private sector lender was trading at its lowest level since August 3, 2020. Thus far in the calendar year 2021, the market price of Yes Bank has slipped 33 per cent, compared to a 14.6 per cent rally in the S&P BSE Sensex. It had hit a 52-week high of Rs 20.83 on December 11, 2020.

After a heavy loss in the January-March quarter of the financial year 2020-21