Tuesday 13 January 2015

Yes Bank gains 2% on fund raising buzz

Yes Bank is trading on a positive note on media reports that the bank is planning to raise up to Rs. 3,000 crore in tier-II or non-equity capital by September.

The stock opened with a gain of 0.5 per cent at Rs. 782 and so far, has jumped 2.7 per cent to touch a high at Rs. 799.

Now, the stock has pared some of its earlier gains, but still trading higher by 1.5 per cent at Rs. 789. The BSE counter has registered trades of around 149,000 shares, against its two-week daily average volume of 252,000 shares.

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