YES Bank zooms 15% on heavy volume, stock hits 2-year high in weak market

Shares of YES Bank vaulted 15 per cent on the BSE in Friday's intra-day deals. The jump was supported by massive volumes on the counter as 760 million shares, together, changed hands on the NSE & BSE

Shares of YES Bank vaulted 15 per cent to a two-year high of Rs 20.4 on the BSE in Friday's intra-day deals. The jump was supported by massive volumes on the counter as 760 million shares, together, changed hands on the NSE and BSE. At 10:44 AM, shares of the lender were up 12 per cent at Rs 19.9 per share as against 0.28 per cent fall in the benchmark S&P BSE Sensex.

According to media reports, YES Bank has moved the National Company Law Tribunal (NCLT) to initiate corporate insolvency resolution process (CIRP) against Digital Ventures Pvt. Ltd, a wholly-owned