January 27, 2024
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Yes Bank Q3 results 2024: Net profit at Rs.231 crore, NII up 2.3%
Net profit at Yes Bank is at Rs. 231 crore, and the NII is up 2.3 percent at Rs.2,016.8 crore, the company reported in its Q3 results on January 27, 2023.
Yes Bank’s net profit of Rs.231.6 crore, fell short of market estimates set at Rs.415.1 crore. The lender’s gross non-performing assets (NPA) remained steady at 2 percent in the three months ended December 31, while net NPA improved to 0.9 percent.
Net interest income (NII) increased 2.3 percent from a year earlier. Operating profit rose 5.4 percent to Rs 864 crore.
Yes Bank shares traded flat last ahead as the market eagerly waited for the announcement of Q3 results 2024. Trading range-bound throughout the week, Yes Bank share price registered a marginal gain of Rs.0.20 per share in the week gone by and ended at Rs.24.90 on NSE on Thursday.
Yes Bank share has picked up quite well in the last 3 months from Rs.16 zone and has maintained an uptrend with series of higher low formation on the daily chart with currently consolidating having the near-term support at Rs.23.70 levels. On the upside, a decisive breach above Rs.25.70 to Rs.26 zone is much needed to confirm a breakout and thereafter can anticipate further rise with next targets of Rs.28.50 and Rs.31 levels visible.
Technical analysts at Chanakya expect strong opening for Yes Bank scrip on Monday.
Quicklinks
- Staffavailable.com
- BigGaddi.com
- ChanakyaMFGuidance.com
- Magajmari.com
- AnalysisLibrary.com
- Calls for the Day
