The Yes Bank Share Price Target have been ranging between Rs 15 to 22 for the last six months and have been quite volatile stock in the National Stock Exchange. However, if you are, as an investor, looking to invest in the Yes Bank Stock, the evaluation of its various financial results is very necessary. Currently, its stock price is at Rs. 21.10 and is offering a P/E ratio of Rs. 72.59 to its investors 26/12/2023. Through this article, we would like to take you through different forecast numbers of Yes Bank shares and its various aspects related to the investor’s interest.

Yes Bank Share Price Target 2024

Headquartered in India’s financial capital, ‘Mumbai, ‘Yes Bank is the seventh-largest private sector in the country with a market capitalization of INR 69,319 crore. The Yes Bank’s history goes back to 1999, and was founded in 2004 by Mr Ashok Kumar and Mr Rana Kapoor. Its services include sectors such as the Retail, MSME, and Corporate Banking sectors and operates across 700 cities in India with 1192 branches and 13021 ATMs. In 2020, March 5th, due to the Bank’s issues with worsening asset quality, sketchy capital, and beatings on its books  ‘India’s Banking Sector Regulatory body RBI took over the operations of Yes Bank Ltd and sold it to a consortium of Banks.

These incidents hurt the share price of Yes Bank as its stock has been ranging between Rs 15.90 to 26.25 in the past six months and has been quite volatile on the National Stock Exchange (NSE). However, if you are, ‘as an investor, ‘looking to invest in the Yes Bank stock, the evaluation of its various financial results is very crucial. Currently, its stock price is at Rs. 24.30 and is offering a P/E ratio of Rs. 83.38 to its investors 24/01/2024. Through this article, we will take you through Yes Bank’s share price prediction for upcoming years and its various aspects affecting the investor’s interest.

Let’s quickly go through Yes Bank’s latest consequential financial results:

• Yes Bank’s net profit increased to Rs. 225.21 crores in Q2 FY24, a surge of 47.4%.
• Yes Bank’s Gross NPA ratio is 2 %.
• Non-interest income went up by 38.4% YOY in Q2 FY24, at Rs. 1,210 crores. Net Interest income surged by 3.3% to Rs. 1,925 crores.
• Q2 FY24 total interest income of Yes Bank was at Rs. 4,785.61 crores, compared to Rs 3,483.02 crores (Q2 Last year).

Yes Bank Share Price Target 2024

Yes Bank Share Price Target 2025

Yes Bank Financials 2019-2023

Points to consider before investing in Yes Bank Stock

• Kindly go through the Yes Bank’s non performing assets.
• Keep an eye on the profitability index of the Bank.
• If possible, try to know the transparency & compliance factors of the Bank concerning its investors.
• Pay attention to the rankings and ratings provided by regulatory authorities such as SEBI for Yes Bank.
• Keep a close eye on any issue related to legal aspects for Yes Bank ltd.
• Pay attention to the steps taken by Yes Bank to improve its digital accessibility for its consumers, such as investment options and digital payment solutions.
• It’s important to take note of the Bank’s recent/possible partnerships and collaborations to improve their services and expansion.
• Go through various ups and downs of the Yes Bank Share Price NSE rates and observe how investors and experts reacted to it.
• Get a Yes Bank’s report on its consumer acquisition rate & attracting new consumers for the Bank.
• See how diversified the portfolio of the Yes Bank is, as it minimizes the risks related to stock price dependency on market volatility.

Moody Statement on Yes Bank Ltd

Moody, a ‘bond credit rating corporation, ‘ remained affirmative on. Its long-term currency issuer rating for Yes Bank. Moody said that it is highly unlikely that Yes Bank’s ratings will change over the next 12-18 months. However, International finance research providers could upgrade the ratings if Yes Bank establishes an inspiring and endurable system to enhance its profitability.

Read Also: Tata Motors Share Price Target 2024, 2025, 2026,2027, 2030

Conclusion

In upcoming years, Yes Bank stock on NSE is expected to provide stability to its investors. It has resolved its critical issue related to the non-performing assets and is likely to keep its share pricing range in a positive trajectory along with its potential growth rate. However, India Dekho Property recommends an expert’s advice for the investor, before making any investment-related commitment.