Yes Bank share price slips over 15% after reporting 91% plunge in Q1 profits! You can do this
Yes Bank share price has witnessed a serious correction of over 15% on Thursday, a day after reporting its first quarter results. Though the shares of private lender fell around 20% in the morning trade, touching Rs 79.15 on NSE (52 week low). The sentiment for the scrip is negative due to a YoY plunge in net profits by 91% in Q1 of FY19-20.
According to most of the analysts on street, as of now the pain on the non-performing assets front might continue for some more time for Yes Bank and it may take some time for the lender to settle. Reuters