Stocks

YES Bank stocks spurt 8.3%

BL Internet Desk | Updated on April 26, 2018 Published on April 26, 2018

YES Bank shares jumped as much as 11.1 per cent to a high of Rs 361.20 as the lender has posted a 29 per cent increase in fourth-quarter profit owing to higher interest income.

Net profit rose to Rs 1,179 crore ($176.50 million) in the quarter ended March 31, from Rs 914 crore a year earlier, the Mumbai-based bank said in a statement.

Following a positive open at Rs 328.90 against the previous close of Rs 325.20, the stock touched intraday high of Rs 361.20and a low of Rs 323.70. In terms of equity volume, 38.67 lakh shares exchanged hands on the BSE.

The YES Bank stock ended higher by 8.26 per cent at Rs 352.05 on the BSE.

Published on April 26, 2018
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