Why is Yes Bank falling/rising?
As of 05-Jun, Yes Bank Ltd. is facing a stock price decline to 20.93, down 1.04%, with significant drops in delivery volume and underperformance compared to its sector. Despite strong long-term fundamentals and a positive monthly return, current market sentiment is negatively impacting the stock's price.
As of 05-Jun, Yes Bank Ltd. is experiencing a decline in its stock price, currently at 20.93, which reflects a decrease of 0.22 or 1.04%. The stock has underperformed its sector by 1.46% today, and its delivery volume has significantly dropped by 65.9% compared to the 5-day average, indicating falling investor participation. Despite a strong long-term fundamental strength with a 16.06% CAGR growth in net profits and positive results over the last six consecutive quarters, the stock has generated a return of -7.63% over the past year, while profits have risen by 92.3%. This suggests that while the company shows strong operational performance, the stock price does not currently reflect this growth, possibly due to market sentiment or external factors.In the broader market context, Yes Bank's short-term performance over the past week shows a decline of 1.78%, contrasting with the Sensex, which has only decreased by 0.23%. This underperformance in the short term may be influenced by the overall market conditions and investor sentiment towards banking stocks. However, the stock has shown a positive return of 18.05% over the past month, indicating potential recovery, but the recent decline suggests that investors may be cautious. The high institutional holdings at 66.4% could provide some stability, as these investors typically have a better understanding of the company's fundamentals, yet the current market reaction appears to be weighing on the stock's price.
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