InvestorQ : Why has Yes Bank been hitting successive lows in the stock market?
Rutuja Nigam made post

Why has Yes Bank been hitting successive lows in the stock market?

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4 months ago
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Yes Bank hit a yearly low price of Rs.11.89 and the stock has now fallen over 50% from the yearly high of Rs.20.83 last seen towards the end of previous calendar year. In the Jun-21 quarter, Yes Bank returned to profits after heavy losses in Mar-21 quarter. Markets were concerned about the Gross NPAs persistently high at 15.6% due to heavy loan restructuring. Also, net interest income or NII was down -27% at Rs.1,402 crore, which was disappointing.

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