High Volume Trading Activity Highlights Renewed Investor Interest
On 21 Jan 2026, Yes Bank Ltd. (symbol: YESBANK) emerged as one of the most actively traded stocks by volume on the Indian equity markets. The total traded volume reached an impressive 3.46 crore shares, translating to a total traded value of approximately ₹7572.68 lakhs. This volume represents a significant uptick compared to recent averages, underscoring heightened investor participation.
The stock opened at ₹21.68 and traded within a range of ₹21.60 to ₹22.02 during the session, eventually settling at a last traded price (LTP) of ₹21.89 by 09:44:58 IST. This closing price marked a 1.25% gain over the previous close of ₹21.70, outperforming the private sector banking sector which declined by 0.46%, and the Sensex which slipped 0.16% on the same day.
Technical and Trend Analysis Suggests Positive Momentum
Yes Bank’s recent price action indicates a trend reversal after two consecutive days of decline, with the stock gaining traction on 21 Jan. The price currently trades above its 200-day moving average, a key long-term support level, although it remains below the 5-day, 20-day, 50-day, and 100-day moving averages. This mixed moving average positioning suggests that while the long-term trend remains intact, short to medium-term momentum is still in the process of strengthening.
Investor delivery volumes further reinforce this positive outlook. On 20 Jan, the delivery volume surged to 7.2 crore shares, marking a 22.75% increase compared to the five-day average delivery volume. This rise in delivery volume is a strong indicator of accumulation, as more investors are choosing to hold shares rather than trade intraday, signalling confidence in the stock’s prospects.
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Mojo Score Upgrade Reflects Improving Fundamentals
MarketsMOJO’s proprietary Mojo Score for Yes Bank currently stands at 61.0, categorised as a 'Hold' grade. This represents a notable upgrade from the previous 'Sell' rating assigned on 25 Aug 2025. The improvement in the Mojo Grade reflects better financial metrics, risk assessment, and market positioning. However, the stock’s Market Cap Grade remains modest at 2, indicating a mid-cap status with moderate liquidity and market presence.
Yes Bank’s market capitalisation is approximately ₹67,873 crore, placing it firmly in the mid-cap segment. Despite this, the stock’s liquidity profile is robust, with the traded value on 21 Jan sufficient to support trade sizes up to ₹6.82 crore based on 2% of the five-day average traded value. This liquidity is attractive for institutional investors and traders seeking sizeable positions without significant market impact.
Accumulation and Distribution Signals Point to Institutional Interest
The surge in delivery volume combined with the volume spike suggests that institutional investors may be accumulating shares. The stock’s outperformance relative to its sector and the broader market further supports this thesis. Typically, such volume and price action patterns precede sustained upward trends, provided broader market conditions remain favourable.
However, investors should note that the stock remains below several key short and medium-term moving averages, signalling that some resistance levels need to be overcome before a definitive bullish trend can be confirmed. The current trading range between ₹21.60 and ₹22.02 will be critical to watch in the coming sessions.
Sector and Market Context
The private sector banking industry has faced mixed headwinds recently, with regulatory changes and macroeconomic factors influencing investor sentiment. Yes Bank’s ability to outperform its sector by 1.35% on a day when the sector declined indicates relative strength. This outperformance may attract further interest from investors seeking exposure to resilient banking stocks amid uncertain market conditions.
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Investor Takeaway and Outlook
Yes Bank Ltd.’s recent trading activity, characterised by exceptional volume and positive price momentum, suggests a potential inflection point for the stock. The upgrade in Mojo Grade from 'Sell' to 'Hold' and the strong delivery volumes indicate improving fundamentals and growing investor confidence.
Nonetheless, investors should remain cautious given the stock’s position relative to short and medium-term moving averages. Monitoring key resistance levels around ₹22.00 and observing whether volume sustains at elevated levels will be crucial for confirming a sustained uptrend.
For traders and investors with a medium to long-term horizon, Yes Bank’s current liquidity and market cap profile offer an attractive opportunity to participate in a potentially stabilising private sector banking stock. However, prudent risk management and close attention to sectoral developments remain essential.
Summary of Key Metrics (21 Jan 2026)
- Total Traded Volume: 3.46 crore shares
- Total Traded Value: ₹7572.68 lakhs
- Opening Price: ₹21.68
- Day High: ₹22.02
- Day Low: ₹21.60
- Last Traded Price: ₹21.89
- Previous Close: ₹21.70
- Day Change: +1.25%
- Mojo Score: 61.0 (Hold, upgraded from Sell on 25 Aug 2025)
- Market Cap: ₹67,873 crore (Mid Cap)
- Delivery Volume (20 Jan): 7.2 crore shares (+22.75% vs 5-day avg)
- Sector 1D Return: -0.46%
- Sensex 1D Return: -0.16%
As Yes Bank navigates the evolving banking landscape, its recent volume surge and technical signals warrant close attention from market participants seeking to capitalise on emerging opportunities within the private sector banking space.
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