Why is Yes Bank Share Price Skyrocketing? Explained

Yes Bank Share Price Rallied Sharply On Monday, June 2, Gaining Over 8% during INTRADAY TRADE and Extending their upward Momentum for a Third Consecurate Session. Yes bank shares climbed as much as 8.61% to 23.32 apiece on the bse.

The recent uptrand in yes bank share price come ahead of a crucial board meeting Scheduled for Tuesday, June 3, 2025. The Private Lender’s Board of Directors will Consider Proposals to raise Capital Throughge Capital Through Issuance of Equity Shares or Debt Securities, Potentially Via Private Placement or Preference PREFERERENT AARE

“… this is to inform that the meeting of the board of directors of yes bank limited is scheduled to be hand on tuesday, June 03, 2025, inter alia, to consider raising of funds by Way of Essuance Shares, Debt Securities and/or any other eligible security (convertible/non-converted) through permissible modes, incliding but not limited to a private place, preferentiial or only Method or combination of methods, Subject to such approves as may be required, “Yes bank announced in a regulatory filing on May 28.

Yes Bank also notified that its trading window for designed personals and insiders will remain closed from May 29 Until Two Days after the outstom of the board Meeting ISCLENDSED IS Disclosed to the Stock Ex notation.

Yes Bank – SMBC Deal

Investor Sentiment has also been married by the recent announcing The yes bank-smbc deal, valued at 13,483 Crore, Marks The Larget Cross-Border Investment in India’s Banking Sector. Upon Completion, SMBC will become the Single Largest ShareHolder of the Private lender.

The Strategic Investment Comes five years after yes bank was rescued by a consortium of domestic banks LED by Sbi.

Yes Bank Share Price Trend

Yes Bank Share Price Has Witnessed A Strong Rally, Gaining Over 30% in the Past Month and Rising 18% on a Year-to-Date (YTD) Basis. The stock has advanced 15% over the last six months and remained flat over the past year. However, on a two-year basis, yes bank stock price has appreciated by 41%.

Technical outlook

Kunal Kamble, Senior Technical Research Analyst at Bonanza Portfolio, Noted that Yes Bank Share Price Has Broken out of a Pennant Pattern on the Charts, Indicating A Continuation of the ongoing Bully

“Yes Bank Share Price is Trading Comfortable Above Its Major Emas, Reinforcing the Bulish Bias. The RSI is trending in the higher range, indicating sustained strength in Momentum. Overall, The Technical Structure Remains Positive, ”Kamble said.

He recommends buying yes bank shares on Dips Near 22, with a stop-live 21 on a closing Basis, and anticipates a potential upside target of 25 in the Near Term.

At 2:55 pm, Yes Bank Shares WERE Trading 8.15% Higher at 23.22 apiece on the bse.

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