Yes Bank Share Price: Know Why Yes Bank’s Share Price Fell 9% in a Single Day?

Yes Bank Share Price: On Tuesday, a significant decline was observed in Yes Bank’s shares. Within just a few hours of the market opening, the share price saw a drop of more than 9%. Investors are unable to understand how such a sharp decline occurred in Yes Bank’s share price so suddenly. The main reason is said to be a block deal in equity. It is being reported that the ownership of three percent equity has changed hands in Yes Bank, which led to this kind of decline in the share price.

Yes Bank Share Price

Talking about Monday morning, on that day, Yes Bank’s share price closed at ₹23.27. After that, when the market opened on Tuesday, a sudden drop of more than 9% was observed. By 12:00 noon, a decline of more than 8% had already occurred. After that, the share was trading at ₹21.22. However, after a major decline, a slight recovery was seen.

Keep an Eye on Yes Bank’s Shares

This week, Yes Bank is likely to remain in the spotlight. If you are also an investor in it, keep an eye on its share price. Some reports are coming in which suggest that large investors may be seen selling its shares. Along with this, a major meeting of Yes Bank is also scheduled to take place.

Monday’s Performance Was Good

Yes Bank’s share price had performed very well on Monday. An 8% surge was observed in a single day. Talking about the Nifty 500 index, it was the third-best performing stock.

News related to Sumitomo Mitsui Banking Corporation (SMBC) regarding Yes Bank is also coming up, in which this company is seeking permission from the Reserve Bank of India to operate in Yes Bank. This is being done to acquire a stake in Yes Bank.