Trading Activity and Volume Analysis
On 4 February 2026, Yes Bank Ltd. (symbol: YESBANK) emerged as one of the most actively traded equities by volume, with a total traded volume of 2.20 crore shares. The total traded value stood at ₹47.36 crores, underscoring significant liquidity and investor participation. The stock opened at ₹21.31, matching the previous close, and touched an intraday high of ₹21.59 before settling near ₹21.58 at the last update time of 09:44:46 IST.
This volume spike is notable given the stock’s falling investor participation in delivery volumes, which declined by 38.04% on 3 February compared to the five-day average. Despite this, the surge in traded volume on the day suggests increased speculative or intraday interest, possibly driven by short-term traders or institutional activity.
Price Performance and Moving Averages
Yes Bank has been on a positive trajectory, recording gains for three consecutive days with a cumulative return of 1.99%. On the day in question, the stock outperformed its sector by 0.78% and the Sensex by 0.91%, delivering a 1.13% return compared to the sector’s 0.52% and Sensex’s 0.23% gains.
Technically, the stock price is trading above its 5-day and 200-day moving averages, indicating short-term and long-term support levels are intact. However, it remains below the 20-day, 50-day, and 100-day moving averages, suggesting some resistance in the medium term. This mixed moving average picture points to a stock in consolidation, with potential for a breakout if volume sustains or increases further.
Accumulation and Distribution Signals
The combination of high volume and price appreciation over recent days signals accumulation by market participants. While delivery volumes have decreased, the surge in traded volume and price gains imply that investors may be accumulating shares through intraday or short-term trades rather than long-term holding. This pattern often precedes a more sustained upward move if confirmed by further volume support.
Yes Bank’s Mojo Score has improved to 61.0, upgrading its Mojo Grade from Sell to Hold as of 25 August 2025. This reflects a cautious but positive reassessment of the stock’s fundamentals and technical outlook. The market cap grade remains modest at 2, consistent with its mid-cap status, with a market capitalisation of approximately ₹67,621.68 crores.
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Sector Context and Comparative Performance
Within the private sector banking industry, Yes Bank’s recent volume and price action stand out amid a generally stable sector environment. The stock’s outperformance relative to the sector’s 0.52% gain on the day highlights its relative strength. However, the broader banking sector continues to face challenges from macroeconomic factors such as interest rate fluctuations and credit growth concerns.
Investors should note that while Yes Bank’s liquidity is sufficient for sizeable trades—estimated at ₹5.21 crores based on 2% of the five-day average traded value—caution is warranted given the stock’s mid-cap status and moderate market cap grade. The stock’s performance over the coming weeks will be critical in confirming whether the current volume surge translates into a sustained uptrend.
Fundamental Outlook and Ratings
Yes Bank’s upgrade from a Sell to Hold rating by MarketsMOJO reflects improving fundamentals and a more balanced risk-reward profile. The Mojo Score of 61.0 indicates a moderate quality grade, suggesting that while the stock is not yet a strong buy, it has stabilised and may offer opportunities for selective accumulation.
Investors should monitor upcoming quarterly results and sector developments closely, as these will influence the stock’s trajectory. The bank’s ability to maintain asset quality, manage non-performing assets, and sustain credit growth will be key factors underpinning future performance.
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Investor Takeaway and Outlook
Yes Bank’s recent surge in trading volume accompanied by steady price gains signals a potential inflection point for the stock. The accumulation pattern, combined with improved Mojo ratings and relative sector outperformance, suggests that investors are cautiously optimistic about the bank’s near-term prospects.
However, the stock remains below key medium-term moving averages, indicating that resistance levels must be overcome to confirm a sustained rally. Market participants should watch for continued volume support and positive fundamental news to validate the current momentum.
Given the mid-cap nature and moderate market cap grade, Yes Bank is best suited for investors with a balanced risk appetite who are willing to monitor developments closely. The stock’s liquidity profile supports active trading strategies, but longer-term investors should seek confirmation of trend strength before committing significant capital.
Summary
In summary, Yes Bank Ltd. has demonstrated exceptional trading volume and positive price action on 4 February 2026, reflecting renewed investor interest and accumulation signals. The upgrade in Mojo Grade to Hold and outperformance relative to sector and Sensex benchmarks provide a cautiously optimistic outlook. While challenges remain, the stock’s liquidity and improving fundamentals make it a noteworthy candidate for investors seeking exposure to the private sector banking space.
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