Yes Bank corrects profit recognition

Yes Bank fell 9.69% to Rs 13.32 on the profit sell after rising for the past five sessions.

Shares of Yes Bank jumped 35.07% in the last five sessions to stand at Rs 14.75 on Thursday (September 16, 2021) from its recent closing low of Rs 10.92 on the 8th September 2021.

The stock reached a 52-week high of 20.83 rupees on December 11, 2020. It is up 26.74% from its 52-week low of 10.51 rupees hit on August 23, 2021.

Over the past month, the stock has jumped 18.28% against a 5.96% rise for the Sensex. It has fallen 5.53% over the past year, compared to a 51.66% increase in the Sensex.

Yes Bank’s net profit soared 355.2% to Rs 206.84 crore in the first quarter of FY22 from Rs 45.44 crore in the first quarter of FY21. decreased by 8.6% year-on-year (YoY) to Rs 5,581.84 crore in the first quarter of FY22 compared to the first quarter of FY21.

Yes Bank is a full-service commercial bank offering a comprehensive range of technology-driven digital products, services and offerings aimed at businesses, MSMEs and individuals.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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