YES Bank soars 35% in 3 months; stock at 20-month high on improved outlook

In August, CRISIL upgraded the rating on Tier-II bonds (under Basel III) and Infrastructure Bonds of YES Bank to 'CRISIL A-' from 'CRISIL BBB+' and revised its outlook to 'Positive' from 'Stable'

Shares of YES Bank hit a 20-month high of Rs 18, up 4 per cent on the BSE in Thursday's intra-day trade, on the back of heavy volumes. In the past three months, the stock of the private sector lender has zoomed 35 per cent on improved outlook. Meanwhile, the S&P BSE Sensex has gained 8.4 per cent during the same period.

With today's gains, YES Bank is at its highest level since January 2021. At 01:46 PM, the stock quoted 3 per cent higher at Rs 17.75, as against 0.7 per cent rise in the benchmark Sensex. The