/ Yes Bank's Q3 Net Profit Anticipated 20.3% Up, Thanks To Fall In Slippages ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 19 January 2017


Country’s fifth largest private sector bank, Yes Bank, is expected to post Q3 FY17 earnings on January 19, 2017. Bank’s net interest income for the quarter may come in nearly at Rs 1477 crore as against Rs 1156.39 crore during corresponding quarter of last year.

The Street expects the bank to post robust earnings amid fall in slippages. Thereby, the bottom line net profit for the bank may increase 20.3% yoy to Rs 813 crore. Bank’s base effect may give loan growth of 30% plus on a yearly basis and net interest margin may post growth amid lower cost of funds.

Company’s provisions are expected to be higher. The effect of demonetisation has positively impacted the amount of deposits for all banks, Yes Bank being an obvious beneficiary. Yes Bank Ltd is currently trading at Rs 1340.5, down by Rs 5.8 or 0.43% from its previous closing of Rs 1346.3 on the BSE.

The scrip opened at Rs 1345.05 and has touched a high and low of Rs 1345.15 and Rs 1332.1 respectively. So far 1189650(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 56970.58 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1450 on 07-Sep-2016 and a 52 week low of Rs 632.25 on 20-Jan-2016. Last one week high and low of the scrip stood at Rs 1350.3 and Rs 1307.3 respectively. The promoters holding in the company stood at 21.85 % while Institutions and Non-Institutions held 65.77 % and 12.38 % respectively. The stock is currently trading above its 100 DMA.

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