Thursday, October 25, 2012

Yes Bank shares hit record high after strong Q2 results

Shares of private sector Yes Bank  today rose over 2 per cent to a record high following 30 per cent growth in its net profit for the quarter ended September 30, 2012. After making a bullish opening, shares of the bank further climbed 2.3 per cent to a record high of Rs 408.55 on the BSE.


At NSE, the scrip gained 2.26 per cent to scale an all-time high of Rs 408.40. Yes Bank on Tuesday reported 30 per cent growth in net profit to Rs 306.08 crore for the July-September quarter. The bank had net profit of Rs 235.02 crore in same quarter of the 2011-12 fiscal.

Its income increased to Rs 2,263.13 crore in the second quarter of the current fiscal (2012-13) from Rs 1,652.70 crore in the year-ago period. Meanwhile, in the broader market, the BSE 30-stock Sensex was at 18,752.92, up 42.90 points at 1107 hrs.

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