Yes Bank Stock Shows Positive Growth

Yes Bank ., one of the leading private banks in India, has seen a positive growth in its stock price. On January 1st, 2024, the stock gained 4.29%, closing at Rs 22.10. This has been reflected in the stock call given by MarketsMOJO, which has rated it as 'Hold'.

The stock is currently trading close to its 52-week high of Rs 23.05, with a difference of only 2.81%. It has also outperformed the sector by 4.47% in today's trading session. This is a consecutive gain for the stock, as it has been rising for the past 2 days and has shown a return of 7.38% during this period.

In terms of moving averages, Yes Bank is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend in the stock's performance.

In comparison to the overall market, Yes Bank has performed well. On a 1-day basis, the stock has shown a return of 4.66%, while the Sensex has shown a negative return of -0.08%. Similarly, on a 1-month basis, Yes Bank has outperformed the Sensex with a return of 16.31% compared to the Sensex's return of 6.96%.

Overall, Yes Bank's stock has shown a positive growth and has been performing well in the market. Investors may consider holding onto their positions in the stock, as suggested by MarketsMOJO.