Yes Bank Experiences Revision in Score Amid Strong Financial Performance and Market Challenges

Yes Bank, a prominent player in the private banking sector, has recently experienced a revision in its score by MarketsMOJO. The adjustment comes on the heels of the bank's impressive financial performance, highlighted by a significant growth in operating profit of 21.71% for the quarter ending September 2024. This marks the fourth consecutive quarter of positive results for the bank, showcasing its resilience in a competitive market.
The bank reported its highest quarterly interest earnings at Rs 7,730.49 crore and a peak profit after tax of Rs 553.04 crore, while maintaining a low gross non-performing asset (NPA) ratio of 1.60%. With a return on assets (ROA) of 0.4 and a price-to-book value of 1.3, Yes Bank is currently trading at a discount relative to its historical valuations.

Despite these positive indicators, the stock has faced challenges, generating a return of -15.59% over the past year and showing poor long-term growth metrics. Institutional holdings remain robust at 65.4%, reflecting confidence from larger investors. However, the stock's technical indicators suggest a mildly bearish trend, indicating a cautious outlook in the near term. Yes Bank has been added to MarketsMOJO's list, reflecting its evolving market position.