According to sources YES Bank share price tanked in early trade today after the private sector lender reported a surprise loss of Rs 1,506 crore net loss for the March quarter as against a profit of Rs 1,179 crore in the year ago period as provisions soared over nine times. Meanwhile a series of downgrades by brokerages citing weak Q4 performance of the bank also led to negative sentiments around the stock.
Furthermore YES Bank share price fell up to 30% to Rs 167 compared to its previous close of 237.40 on BSE. Meanwhile YES Bank share price opened 9.98% lower at 213 level on the BSE. Its market capitalization fell to Rs 38,909 crore on BSE and the stock logged turnover of Rs 107.55 crore with 60.23 lakh shares changing hands on BSE. Apparently YES Bank stock has lost 24.69% during the last three trading sessions and on NSE, YES Bank stock was trading 25% lower at 178 level compared to the previous close of 237.20.
Moreover YES Bank share price closed 29.23% or 69.40% lower on BSE. On NSE, the stock fell 29.70% or 70 points to 166.75 level. Reportedly the stock was the top Sensex, Nifty loser in trade today and YES Bank has fallen 50% during the last one year and lost 2.09% since the beginning of this year.
