Yes Bank declined 2.84% to Rs 246.70 at 13:09 IST on BSE, after gross non-performing assets soared 122.81% to Rs 50.02 crore in Q2 September 2009 over Q2 September 2008.
The results hit the market during trading hours today, 21 October 2009
Meanwhile, the BSE Sensex was down 53.47 points, or 0.31%, to 17,169.54.
On BSE, 11.25 lakh shares were traded in the counter as against an average daily volume of 6.10 lakh shares in the past one quarter.
The stock hit a high of Rs 257.80 and a low of Rs 246.10 so far during the day. The stock had hit a 52-week high of Rs 261.70 on 20 October 2009 and a 52-week low of Rs 40.80 on 9 March 2009.
The stock had witnessed a solid run up ahead of the results. The stock had risen 21.72% in six trading sessions to Rs 253.90 on 20 October 2009 from a recent low of Rs 208.60 on 9 October 2009
The large-cap bank stock had outperformed the market over the past one month till 20 October 2009, gaining 29.61% as compared to the Sensex's 2.88% rise. It had also outperformed the market in the past one quarter, surging 65.35% as compared to the Sensex's return of 13.38%.
The bank's equity capital is Rs 299.36 crore. Face value per share is Rs 10.
The current price of Rs 246.70 discounts the bank's Q1 June 2009 annualized EPS of Rs 13.47, by a PE multiple of 18.31.
The ratio of gross non-performing assets (NPAs) rose to 0.31% as on 30 September 2009 from 0.19% as on 30 September 2008. The net NPAs as of 30 September 2009 was at 0.08%, lower than 0.15% as on 30 September 2008.
Yes Bank's net profit surged 75.59% to Rs 111.71 crore on 19.05% rise in total income to Rs 678.49 crore in Q2 September 2009 over Q2 September 2008.
Yes Bank provides banking services to large corporate and institutional clients, small and medium sized businesses and retails customers.