Yes Bank strikes 52-week high on getting ‘LAA-’ rating from ICRA
Yes Bank is currently trading at Rs. 310.80, up by 5.60 points or 1.83% from its previous closing of Rs. 305.20 on the BSE. The scrip opened at Rs. 308 and has touched a high and low of Rs. 311.70 and Rs. 307.10 respectively. So far 2,45,472 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 311.70 on 03-Aug-2010 and a 52 week low of Rs. 145 on 07-Aug-2009. Last one week high and low of the scrip stood at Rs. 311.70 and Rs. 290.25 respectively. The current market cap of the company is Rs. 10,647.61 crore.
The promoters holding in the company stood at 27.05% while Institutions and Non-Institutions held 61.26% and 11.69% respectively.
ICRA has assigned the ‘LAA-’ rating with stable outlook to the Rs 450 crore Upper Tier II Bonds programmed of Yes Bank. Yes Bank also has outstanding ratings of ‘LAA’ with stable outlook on its Lower Tier II bonds and ‘LAA-’ with stable outlook on its other Upper Tier II and Hybrid bonds.
Recently on July 28, 2010, CARE, a credit rating agency had upgraded the ratings of outstanding Lower Tier II Bonds of Yes Bank to ‘AA’ from ‘AA-’. The rating agency had also upgraded the ratings on the Perpetual (Hybrid) Bonds (Tier I) and Upper Tier II bonds of the bank to ‘AA’ from ‘A+’.
Yes Bank’s net profit has zoomed by 56.26% to Rs 156.37 crore for the quarter ended June 30, 2010 as against Rs 100.07 crore for the quarter ended June 30, 2009.
The bank offers a full range of products and services in areas of corporate and institutional banking, financial markets, investment banking, corporate finance, business and transaction banking, retail and wealth management across India.
Popularity: 6% [?]
Category: Stock-News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
