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The upward trend in Yes Bank's stock continues. The stock has jumped 8 percent. This rise has come after the quarterly results. Experts say that the stock can show further growth. The level of Rs 20 is very important. In the long term, the stock can cross Rs 25. But the stoploss will be Rs 19.
What happened in the quarterly results of Yes Bank? The bank's profit has grown by 145 percent compared to last year.
At the same time, the bank's net interest income has increased by 14 percent compared to last year. The bank's quarterly profit has also been above market estimates. Along with this, stability has been seen in the asset quality of the bank. The bank's results were presented on Saturday. It has increased by 145.6 percent to Rs 553 crore compared to last year. The bank had recorded a profit of Rs 225 crore in the same quarter last year.
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