Yes Bank Shares Rise Over 3%; Two Key Triggers Drive Today's Upmove

YES Bank shares roseate 3.30 per cent successful Monday's precocious convention to deed a precocious of Rs 20.65, snapping a two-day losing run. The stock's rebound was driven by 2 cardinal developments. Firstly, a study from MoneyControl, citing sources, claimed that Japan's Sumitomo Mitsui Financial Group Inc is considering an further finance of $1.1 cardinal successful YES Bank. This would travel nan Japanese banking giant's erstwhile finance made conscionable 2 months ago.

Secondly, standing agency ICRA upgraded aliases reaffirmed its ratings connected YES Bank's infrastructure and Basel III bonds worthy Rs 24,460.80 crore. The ratings for nan Infrastructure Bonds and Basel III Tier II Bonds were raised to ICRA AA-/Stable.

"The standing upgrade factors successful nan dependable summation successful Yes Bank Limited’s (YBL) standard of operations, nan improving operation of nan indebtedness book pinch nan increasing stock of granular loans, and nan continued diminution successful nan stressed assets pool, which provides immoderate stableness to nan net and superior position. ICRA besides takes statement of nan dependable recoveries from nan information receipts (SRs), which helped nan slope study an betterment successful its wide profitability," nan agency stated.

ICRA further highlights nan planned liking acquisition by Sumitomo Mitsui Banking Corporation (SMBC), which will beryllium nan azygous largest shareholder erstwhile nan required approvals are received.

Japan's Sumitomo Mitsui Banking Corp (SMBC) signed a definitive statement successful May this twelvemonth to get a 20 per cent liking successful YES Bank for Rs 13,483 crore.

In its operational update for nan June 2025 4th (Q1 FY26), nan lender reported a 5.1 per cent year-on-year (YoY) summation successful loans and advances, rising to Rs 2,41,355 crore from Rs 2,29,565 crore. However, connected a quarter-on-quarter (QoQ) basis, loans and advances declined 2 per cent from Rs 2,46,188 crore.

"YES Bank is forming a double bottommost pattern, a classical bullish reversal structure. A decisive breakout supra Rs 20.65 would corroborate nan shape and perchance pave nan measurement for an upside towards Rs 21.90–23. Support is seen astatine Rs 20. The stock's adjacent supra each cardinal exponential moving averages (EMAs) further strengthens nan affirmative method outlook," Kunal Kamble, Senior Technical Research Analyst astatine Bonanza noted.

Published on: Jul 15, 2025 3:08 PM IST