Yes Bank shares fell 7.64% to ₹29.00 on February 12th, 2024. The price reached ₹32.35 earlier today, close to its 52-week high of ₹32.85.
While the reason for the abrupt decline is unknown, it might be attributed to profit taking following the recent increase or broader market changes. Despite the decline, Yes Bank’s stock is still up 4.7% year to date and 31.46% in the last six months.
Investors will be watching closely to see if the bank can maintain its momentum or if this dip indicates a possible correction. The company’s impending financial performance and future expansion plans will be significant indicators to monitor.