The Cabinet Committee on Economic Affairs approved YES Bank’s proposal to increase foreign investment limit in the bank to 74%.
YES Bank shares gained after the Cabinet Committee on Economic Affairs on Wednesday approved YES Bank’s proposal to increase foreign investment limit in the bank to 74 per cent, entailing FDI inflows of $1 billion (Rs 6,885 crore).
YES Bank Ltd is currently trading at Rs. 1007.35, up by Rs. 11.15 or 1.12% from its previous closing of Rs. 996.2 on the BSE.
The scrip opened at Rs. 996 and has touched a high and low of Rs. 1012.5 and Rs. 996 respectively. So far, 1514560(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 41932.48 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1000 on 17-May-2016 and a 52 week low of Rs. 590 on 24-Aug-2015. Last one week, high and low of the scrip stood at Rs. 998 and Rs. 964.15 respectively.
The promoters holding in the company stood at 21.91 % while Institutions and Non-Institutions held 65.51 % and 12.58 % respectively.
The stock is currently trading above its 50 DMA.
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