Stock exchanges on Wednesday announced the addition of 45 stocks to the new list of scrips eligible for trading in the F&O segment from November 29.
The Nifty MidCap index has gained 3% from its recent low in the last three days. Amid this these 8 stocks have seen key momentum oscillators turn favourable on the daily chart.
JC Flowers seeks counter bids to sell Rs 1,290 cr of erstwhile Yes Bank loans
YES Bank shares jumped 9.74 per cent at Rs 21.29 per share on the BSE
Right time to acquire Micro finance business
Yes Bank's loans grew 12.4 per centon year, while deposits rose 18.3 per cent
If the Nifty is unable to sustain above 24,500 levels, technically it can then slip to its 200-DMA placed at 23,365 levels, charts suggest.
The 14-day RSI of Voda Idea, Bank of India, Dabur, YES Bank and DMart stands below 30, indicating oversold condition on the daily chart. In case of a pullback, these stocks can bounce back up to 24%.
Yes Bank has reported 13.1% growth in loans & advances to Rs 236,512 crore as on 30 September 2024 as compared with Rs 209,106 crore as on 30 September 2023.
Bidders' insistence on having a 51 per cent stake in Yes Bank may end up jeopardising the stake buy, an informed source said on Thursday. When asked on whether the deal will go through by the end of this fiscal, the source, who is not authorised to speak to the media, said the deal itself is in a quandary. As per the source, the talks on any deal "are not going anywhere" because of all the bidders' push on the 51 per cent stake. The source explained that the RBI is uncomfortable with a foreign entity owning a 51 per cent stake in a big entity like Yes Bank. There are reports of two bidders being in the fray including Japan's SMBC and Emirates NBD. The suitors are directly speaking with RBI, but the central bank is not amenable on giving the ownership control. At present, the regulations allow for a maximum of 26 per cent stake by an entity in a bank and in cases where it is higher, has set a fixed timeline for getting it down. As per the source, there has been no progress on the
Sources in the bank said the development does not have any bearing on the financial aspects of the bank. "It was a human resources department decision," a source said
Yes Bank, where Indian lenders collectively own a 34 per cent stake and the State Bank of India (SBI) is the largest shareholder with a 24 per cent interest, has been seeking a new promoter
Bali will join Yes Bank from Aug. 26 and report to executive director Rajan Pental, one of the sources said
According to a Reuters report, SBI is planning to sell its 24 per cent stake in YES Bank, worth Rs 18,420 crore ($2.2 billion) by the end of March 2025
YES Bank was restructured by the RBI in March 2020 with the help of a consortium of local banks after its financial health deteriorated
The jump in the stock price came on the back of strong June quarter results (Q1FY25).
Its provisions declined by 41.2 per cent to Rs 212 crore in Q1 FY25, from Rs 360 crore in the year-ago period. Sequentially, provisions declined from Rs 471 crore in Q4 FY24
Moody's outlook revision was on expectation of a gradual improvement in YES Bank's depositor base and lending franchise, which will help improve its core profitability over the next 12-18 months.
The Middle Eastern lender is weighing a bid for as much as a 51% stake in Yes Bank, the people said, asking not to be identified as the deliberations are private
The rating agency also affirmed Yes Bank's "Ba3" long-term (LT) foreign currency (FC) and local currency (LC) bank deposit ratings