Insights and Share Price Forecast

Yes Bank's stock increased sharply in Monday's early trade after the company reported excellent Q4 2024 statistics. The stock on the NSE opened at ₹27.50 a share and quickly surged to an intraday high of ₹28.55, indicating a strong 8 percent increase. Experts in the market credit the bank's strong quarterly performance for this increase. Yes Bank demonstrated noteworthy gains in its financial measures with a net profit of ₹451 crore in the January-March quarter, a huge 123 percent jump from the previous year. Net NPA improved to 0.6% from 0.80% year over year, while gross NPA fell to 1.7% from 2.2% during the same time previous year. Furthermore, the bank started functioning as a PSP Payment Bank for both new and current Paytm users.

Perspectives on Financial Performance

The outstanding success of Yes Bank under CEO Prashant Kumar, in the opinion of Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, is indicative of the bank's comeback. Research Analyst at StoxBox Shreyansh V. Shah agreed, pointing out that the bank's robust rise in its bottom line has been fueled by increased other revenue and decreased provisions. Yes Bank appears to have addressed its legacy challenges based on the good outlook on operating criteria like NIMs and NPAs.

Share Price Outlook and Recommendations

Sumeet Bagadia, Executive Director at Choice Broking, suggests that investors hold the stock with a stop loss set at ₹24 per share going forward. He indicates that any decline in the stock price has to be interpreted as a chance to purchase, stressing a possible break through of resistance levels situated between ₹30 and ₹32. Yes Bank shares have a strong base at ₹24, and with its strong Q4 results and strategic plans, they should continue to rise.