Yes Bank Hits 52-Week Low Amid Broader Market Decline and Strong Fundamentals

Yes Bank has experienced significant activity today, reaching a new 52-week low of Rs. 16.1. The stock has been on a downward trend, underperforming its sector by 1.04% and recording a decline of 4% over the past three days. Currently, Yes Bank is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish technical outlook.
In the broader market context, the Sensex opened lower at 73,743.88, down 371.29 points, and is currently trading at 73,849.08, reflecting a decrease of 0.36%. The index is nearing its own 52-week low, sitting 4.89% above that threshold.

Despite the recent price challenges, Yes Bank has demonstrated strong long-term fundamentals, with a compound annual growth rate (CAGR) of 16.03% in net profits and a notable 24.88% increase in operating profit. The bank has reported positive results for five consecutive quarters, with the latest quarterly figures showing interest earned at Rs. 7,829.14 crore and a net profit after tax of Rs. 612.27 crore. The gross non-performing assets (NPA) ratio stands at a low 1.60%, reflecting improved asset quality.