As of 16 April 2021, Yes Bank Ltd., a firm in the financial industry, had a market valuation of Rs. 36,580.16 Cr. In 2004, the Bank underwent incorporation. As of December 2020, the Bank recorded a consolidated quarterly income of Rs. 5,321.11 crore. The Bombay Stock Exchange code for this Bank is 532648, and the National Stock Exchange symbol for it is. The Bank, which is present all over the nation, is headquartered in Mumbai.

It claims that it is service- and customer-focused and offers various financial and banking services and goods to MSME, corporate, and retail clients. The State Bank of India now owns it.For the past three months, the Yes Bank share price NSE has been on the increase, rising by about 40% during this time. The cost of Yes Bank has increased by close to 5.50%, and over the past six months, Yes Bank stocks have returned close to 30% to positional investors.

YES, Bank released results for Q2FY23:

• Non-Interest Income (NII) for the second quarter of fiscal year 23 was Rs. 1,991 crore, up 32% year over year and 8% quarter over quarter.
• NIM for the first quarter of fiscal year 23 was 2.6%, up nearly 40 basis points year over year and 20 basis points quarter over quarter.
• QoQ Operating Expenses for the second quarter of fiscal year 23 were Rs. 2,121 crore, up 32% year over year and 4% quarter over quarter, primarily driven by increases in IT Spending,
• Operating profit for the second quarter of FY23 was Rs. 790 crore, up 17% YoY and 34% QoQ, the highest operating profit in the previous seven quarters.
• Provisions for the second quarter of FY23 were Rs. 583 crore, up 54% YoY.
• Around Rs. 153 crore were earned in net profit during the second quarter of fiscal year 23.

The private lender's disposal of a portfolio of identified hard assets is mostly to blame for this increase in Yes Bank share price NSE. The board of directors of Yes Bank has approved the sale of hard assets to the private equity company JC Flowers for $48,000 crore.TheYes Bank shares are currently trading above their 200 DMA (days moving average) and may rise as high as 18 and 20 shortly.

AvinashGorakshkar, Head of Research at Profitmart Securities, commented on the increase in Yes Bank shares by saying, "Yes Bank shares are rising since Its board of directors has authorized the transfer of stressed assets to JC Flowers and the bad asset is worth 48,000 crores. This would assist Yes Bank in strengthening its assets in the next quarter. This asset transfer stress is fuelling short-term sentiment favourable to the private lender's stock.

However, Yes Bank still has a way to go, and its results in the upcoming quarter will be interesting to follow".The stock may rise to 18 and 20 each shortly. Thus, investors are urged to continue holding the stock. New purchasing is advised; nevertheless, only over $20.

Those who own this company might have it with a trailing stop loss at $14 per share level, as this price serves as short-term solid support for the stock.