Yes Bank share price tanks over 39%

By: |
March 12, 2020 2:11 PM

On the NSE, the stock was quoting 12.67 per cent lower at Rs 25.15. It hit a low of Rs 17.45, shedding more than 39 per cent.

On the BSE, it was trading at Rs 25.10, lower by 12.85 per cent.On the BSE, it was trading at Rs 25.10, lower by 12.85 per cent.

Shares of Yes Bank on Thursday gave up all gains made in recent sessions, plunging over 39 per cent to Rs 17.45 on the NSE. The stock had surged over 77 per cent in the last two trading sessions. On the NSE, the stock was quoting 12.67 per cent lower at Rs 25.15. It hit a low of Rs 17.45, shedding more than 39 per cent.

On the BSE, it was trading at Rs 25.10, lower by 12.85 per cent. It touched an intra-day low of Rs 22.55, down 21.70 per cent. The stock had rallied after State Bank of India (SBI) said it will pick up 49 per cent stake in the lender for Rs 2,450 crore.

Last week, the Reserve Bank has imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at Rs 50,000 per account. Yes Bank has been struggling to raise capital amidst its dwindling financial health. It sought to raise USD 2 billion initially during this fiscal, which was then pruned to USD 1.2 billion as it could not rope in any investor.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1VA Tech Wabag rating – Buy: Net cash status eases investor concerns
2MRF rating – Sell: RM headwinds took a toll on performance
3Petronet LNG rating – Buy: Volumes were steady amidst industry decline