Shares of YES Bank Ltd saw a 1% increase today following an upgrade from CRISIL Ratings, which raised the bank’s long-term rating on its Tier-II and infrastructure bonds to 'CRISIL A+/Stable' from 'CRISIL A/Positive'. This positive news contributed to a stock price rise to Rs 24.84, up from Rs 24.58, marking a 45% increase over the past year, although the stock has experienced a 6% decline in 2024. The bank's market capitalization is currently at Rs 77,282 crore. YES Bank's stock has shown high volatility, with a one-year beta of 1.3. Technical indicators suggest the stock is in a neutral position, with a relative strength index (RSI) of 50.4. Financially, YES Bank reported a robust 47% year-on-year increase in standalone net profit for Q1, reaching Rs 502.43 crore, alongside a 17.59% rise in total income to Rs 8,918.14 crore.
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