&w=3840&q=100)
YES Bank jumps 6% in weak market; board to discuss fundraising on June 3
YES Bank shares jumped 6.4 per cent in trade on Monday, June 2, 2025, logging a day's high at ₹22.86 per share on BSE. The stock extended rally for the third consecutive session and rose nearly 7 per cent.
In the past one year, YES Bank shares have gained 9 per cent as compared to Sensex's rise of around 7 per cent.
At 10:37 AM, YES Bank share price was up 5.7 per cent at ₹22.58 per share on the BSE. In comparison, the BSE Sensex was down 0.64 per cent at 80,929.25. The market capitalisation of the company stood at ₹70,812.77 crore. The 52-week high of the stock was at ₹27.41 per share and 52-week low of the stock was at ₹16.02 per share.
YES Bank fundraising
The board of YES Bank will meet on Tuesday, June 3, 2025, to consider raising funds.
"In accordance with Regulation 29(1) and Regulation 50(1) and other applicable provisions of the Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), this is to inform that the meeting of the Board of Directors of YES Bank Limited ('the Bank') is scheduled to be held on Tuesday, June 03, 2025, inter alia, to consider raising of funds by way of issuance of equity shares, debt securities and/or any other eligible securities (convertible/non-convertible) through permissible modes, including but not limited to a private placement, preferential issue or any other method or combination of methods, subject to such approvals as may be required," the filing read.
YES Bank to boost retail book
In an interview with Business Standard, Rajan Pental, executive director, YES Bank, said that the bank can grow its retail book by 30 per cent if it desires because the platforms are ready, but they want to do it in a regimented way.
The bank is also shifting its focus from low-yielding secured retail products to medium-yielding ones while ensuring that its high-yielding unsecured retail portfolio does not exceed 25 per cent of the overall retail book as the bank views anything beyond 25 per cent unsecured book to be 'risky'.
About YES Bank
YES BANK is a commercial bank headquartered in Mumbai, that offers a wide array of products, services, and digital solutions, catering to Retail, MSME, and Corporate clients.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
7 hours ago
- Economic Times
VRL Logistics board to meet on July 4 to consider bonus share issue
Live Events VRL Logistics share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The board of directors of VRL Logistics is set to meet on Friday, July 4, in order to consider the issue of bonus shares for its shareholders , who will be eligible as on the record date, which will be declared later.'In accordance with the extant provisions of Regulations 29 of the SEBI (LODR) Regulations, 2015 referred above, we hereby inform that, a meeting of the Board of Directors of VRL Logistics Limited (the 'Company') will be held on Friday July 4, 2025, inter alia, to consider and recommend to the shareholders, for their approval, the capitalization of reserves & retained profits for issuance of Bonus shares,' said the company in a regulatory other details have been yet disclosed by the approved, this will be the first-ever bonus issue in the history of VRL Logistics, according to the Trendlyne data. bonus share issue is when a company gives additional shares to its existing shareholders for free, in proportion to the number of shares they already hold. It is usually done to reward shareholders and is issued from the company's accumulated example, in a 1:1 bonus issue, a shareholder receives one extra share for every one share held. While the number of shares increases, the overall value of the investment remains the same initially, as the share price adjusts issues do not involve any cash outflow and are often seen as a sign of the company's confidence in its future the past one year, the shares of VRL Logistics have gained 1.98%. On a year-to-date (YTD) basis, it is up 12.42%, while the six-month return stands at 11.57%. In the last three months, the stock has delivered a strong return of 21.09%. However, over the past one month, the gain has been marginal at just 0.10%.On Friday, VRL Logistics shares closed flat at Rs 573.10 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
8 hours ago
- Time of India
VRL Logistics board to meet on July 4 to consider bonus share issue
Live Events VRL Logistics share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The board of directors of VRL Logistics is set to meet on Friday, July 4, in order to consider the issue of bonus shares for its shareholders , who will be eligible as on the record date, which will be declared later.'In accordance with the extant provisions of Regulations 29 of the SEBI (LODR) Regulations, 2015 referred above, we hereby inform that, a meeting of the Board of Directors of VRL Logistics Limited (the 'Company') will be held on Friday July 4, 2025, inter alia, to consider and recommend to the shareholders, for their approval, the capitalization of reserves & retained profits for issuance of Bonus shares,' said the company in a regulatory other details have been yet disclosed by the approved, this will be the first-ever bonus issue in the history of VRL Logistics, according to the Trendlyne data. bonus share issue is when a company gives additional shares to its existing shareholders for free, in proportion to the number of shares they already hold. It is usually done to reward shareholders and is issued from the company's accumulated example, in a 1:1 bonus issue, a shareholder receives one extra share for every one share held. While the number of shares increases, the overall value of the investment remains the same initially, as the share price adjusts issues do not involve any cash outflow and are often seen as a sign of the company's confidence in its future the past one year, the shares of VRL Logistics have gained 1.98%. On a year-to-date (YTD) basis, it is up 12.42%, while the six-month return stands at 11.57%. In the last three months, the stock has delivered a strong return of 21.09%. However, over the past one month, the gain has been marginal at just 0.10%.On Friday, VRL Logistics shares closed flat at Rs 573.10 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
9 hours ago
- Mint
ACC to TVS Motor -Jay Thakkar suggests three stocks to buy for short-term in F&O segment
Stock market news: Indian stock indices maintained an upward trend for the fourth consecutive session, bolstered by favorable global cues, relative calm regarding the Israel-Iran conflict, and the potential extension of the tariff deadline set for July 9 by the US government. A spokesperson from the White House suggested on Thursday that the reciprocal tariff deadline might be postponed, but emphasized that the final decision rests with President Donald Trump. Meanwhile, President Trump indicated that a "great deal" involving India is forthcoming, which has improved investor confidence. The Indian negotiation team is currently in the United States working on a trade agreement. India's robust domestic fundamentals, an agile RBI, and favorable monsoon conditions are supporting the financial markets. With US markets reaching record highs and the US dollar weakening, emerging markets such as India are expected to gain. The Sensex concluded the day at 84,058 points, rising by 303 points, while the Nifty 50 finished at 25,637 points, up by 89 points. Nifty 50 has provided a clean breakout from the sideways consolidation; thus, the short-term trend is bullish. The June series ended on a positive note as Nifty 50 closed above 25,300 levels and the FIIs also reduced their short positions on the Index to quite an extent i.e. from over 1 lakh to merely 35,000 contracts , they also had bought huge in the equity cash segment of over 12,500 crores. So, the short covering coupled with strong buying in equity cash segment led to a clean breakout and thus the uptrend has been established. There was strong call writing in the range of 25,200-25,300 prior to the breakout, hence this range now becomes an immediate support, whereas, 26,000 to 26,300 are the short to medium term targets. The Bank Nifty has also provided a clean breakout above 56,500 levels, thus the supporting Nifty 50 to inch higher. Jay Thakkar of ICICI Securities recommends TVS Motor Futures, Mahanagar Gas Futures, and ACC Futures. TVS Motor has provided a breakout from the sideways consolidation with a clear long built up, indicating further uptrend in the stock. The stock has been one of the outperformers in the two-wheeler segment and hence the upside probability seems higher. There has been good put additions at the lower levels as well as call unwinding indicating good upside possibility. Currently, the stock is trading above its max pain and modified max pain level as well as its 20-day VWAP levels, hence the short-term trend appears bullish Mahanagar Gas had seen huge short built in the previous fall post which the stock managed to bounced back and consolidate. In the entire consolidation period, the stock had witnessed short covering and finally it has provided a breakout from the consolidation which is much positive in the near term. The stock has now moved above its 20-day VWAP as well as its max pain and modified max pain levels, so the upside potential is higher. The cements sector is witnessing good long built up overall and in the case of ACC short covering is expected in the short term as the stock has formed multiple bottoms as well as the sector is in overall uptrend. Although there is higher call base at 1900 and 2000 strikes, however, there is good unwinding of calls below 1900 strike, hence the uptrend has a higher probability in the near term. The stock is also trading well above its 20-day VWAP now as well as its above max pain level. Disclaimer: The Research Analyst or his relatives or I-Sec do not have actual/beneficial ownership of 1% or more securities of the subject company, at the end of 27/06/2025 or have no other financial interest and do not have any material conflict of interest. The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
