YES Bank scrip on Monday gained as much as 30 per cent on early morning trade even as markets remained volatile on concerns over coronavirus.
In what seems to be a thumbs-up from the investor community to the bank’s reconstruction plan and cleaning up of its balancesheet, Yes Bank scrip was up 32.68 per cent at ₹33.90 apiece on BSE on Monday.
The moratorium on the private sector lender will cease at 6 pm on Wednesday.
YES Bank had on March 14 reported a standalone net loss of a whopping ₹18,560.31 crore in the third quarter of the fiscal. The bank had a net profit of ₹1,001.85 crore in the same period last fiscal.