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Yes Bank jumps as Moody's upgrades rating to ‘B2’

11 Nov 2021 Evaluate

Yes Bank is currently trading at Rs. 13.38, up by 0.35 points or 2.69% from its previous closing of Rs. 13.03 on the BSE.

The scrip opened at Rs. 13.20 and has touched a high and low of Rs. 13.55 and Rs. 13.20 respectively. So far 7954598 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 20.83 on 11-Dec-2020 and a 52 week low of Rs. 10.51 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 13.55 and Rs. 13.01 respectively. The current market cap of the company is Rs. 32646.54 crore.

The Institutions and Non-Institutions holding in the company stood at 53.79% and 46.21% respectively.

Credit rating agency -- Moody's has upgraded Yes Bank's long-term foreign currency issuer rating and long-term foreign and local currency bank deposit ratings to ‘B2’ from ‘B3’.

Moody's has also changed the outlook on Yes Bank's ratings where applicable to positive from stable, reflecting Moody's expectation of a further improvement to the bank's credit profile, driven by a cleanup of legacy stressed assets and/or improvements to its capital and profitability.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.

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