Yes Bank Takes Off: A Deep Dive into the 8% Share Price Surge After Stellar Q4 Results
Get ready for liftoff! Yes Bank investors are celebrating today as the stock price rocketed by a staggering 8% on the National Stock Exchange (NSE). This stellar performance came on the heels of the bank's release of its much-anticipated Q4 FY24 results, which painted a rosy picture of the company's financial health. Unpacking the Surge: A Look at Yes Bank's Q4 Performance So, what exactly fueled this impressive 8% jump in Yes Bank's share price? Let's break down the key highlights from the bank's Q4 FY24 results: Profit Soars : Yes Bank reported a phenomenal 123% year-on-year increase in net profit, reaching a healthy ₹452 crore. This figure comfortably surpassed analyst expectations and signifies a significant turnaround compared to the ₹202.4 crore net profit reported in Q4 FY23. Income on the Rise : The bank's total income also witnessed a positive trajectory, climbing by a promising 25% year-on-year. This growth indicates a rise in overall business acti...