YES Bank surges 4% ahead of Q1 results; here's what analysts say

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YES Share Price: YES Bank surges 4% ahead of Q1 results; here's what analysts say - The TheIndianSubcontinentNever miss a great news
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Analysis, IPO, Mutual Funds, Bonds - MoreThe scrip jumped 4.33 per cent to hit a high of Rs 108.40 on BSE.ETMarkets.com|Jul 17, 2019, 09.50
results
The stock gained even as the bank was expected to report subdued earnings on rising provisions amid deteriorating asset quality. The scrip
jumped 4.33 per cent to hit a high of Rs 108.40 on BSE. Brokerage firm Prabhudas Lilladher projected 84 per cent YoY fall in profit at Rs
201.10 crore on 22 per cent YoY rise in pre-provisioning operating profit
It also said the asset quality of the lender may deteriorate further with percentage of gross non-performing assets (NPA) spiking to 3.70
for YES Bank against a net profit of Rs 1,260.40 crore in the corresponding quarter last year. The lender reported a loss of Rs 1,506.60
crore in the preceding quarter ended March 2019
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