Current Share Price of Yes Bank
Yes Bank’s Share Value is witnessing the biggest increase ever, and there is a story behind it! On Thursday, the share price touched a high of nearly 10% after the bank clarified the deal it had signed with a startup. The bank clarified that the agreement is still in its initial stage and it will not have any major impact on the business and revenues of the bank.
This morning, it is a matter of great joy when the share price of Yes Bank opened at ₹31.18 per share on BSE! The share price rose as high as ₹32.74 and fell as low as ₹28.87 intraday.
“We will continue to report anything that must be reported to the stock exchange. This article has no material impact on the bank,” the bank said in the filing.
Rajesh Bhosale, equity technical and derivatives analyst at Angel One, said that Yes Bank stock has gained more than 32% this week and is expected to do well in the coming few weeks as well. But in the short term, the indicators are a bit bullish, so traders will pay attention to this week’s rally and in case of any downside, a possible pullback. 28 is support, while 34 is resistance.
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This week, the share price of Yes Bank is being watched closely, as the bank has received a notification from the Reserve Bank of India (RBI) on February 5, 2024, which states that RBI has approved Hyderabad Bank Limited. Approval has been given to acquire up to 9.50% of the acquired share of the bank.