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Yes Bank Share Price Today: Shares of private sector bank Yes Bank are in focus today (Monday, Jan 19) as the counter reacted to third quarter results
(Q3 FY26) where in the lender reported 55 per cent jump in profit on lower provisions. Yes Bank shares traded in marginally in the red at Rs 23.36 at 9:22 AM. A total of 4 crore shares of the private lender changed hands in first seven minutes of trade. Speaking to ET NOW Swadesh, Swati Hotkar, AVP–Equity Technical Research at Nirmal Bang Securities, said that 2026 could be turnaround year for Yes Bank. She pointed out that the stock has largely remained range-bound over the past two to three years and didn't participate in the broader market rally.
Yes Bank Share: BUY, SELL or HOLD?
According to her, Yes Bank has been trading within a narrow band of Rs 15 to Rs 22, despite strong momentum seen in other banking and financial stocks. However, she expects this phase of consolidation to end in 2026, creating opportunities for long-term investors.
“Yes Bank has not participated in the market rally and was stuck in a range of Rs 15 to Rs 22. I believe that 2026 will be a good year for Yes Bank investors. My recommendation is to buy Yes Bank shares on every decline. Rs 20 is a very good support for Yes Bank and a very attractive level to buy and stay invested. As long as Rs 20 is protected in Yes Bank, the trend will remain positive. Yes Bank has the potential to show levels of Rs 32 to Rs 35,” she said.
Hotkar highlighted that a sustained mov above Rs 20 support is crucial. "If this level remains intact, the stock could witness a positive trend and deliver meaningful upside in the medium term," she added.
Yes Bank Q3 FY2026 Results
In the Q3 FY26, Yes Bank reported a 55 per cent jump in profit to Rs 952 crore, aided by a sharp fall in provisions. The bank had reported a net profit of Rs 612 crore in the year-ago period and Rs 654 crore in the preceding September quarter.
Yes Bank said that it had to make a Rs 155 crore provision because of the implementation of new labour codes towards gratuity.
Yes Bank said that its core net interest income grew 10.9 per cent to Rs 2,466 crore on the back of 0.10 per cent expansion in the net interest margin and a loan growth of 5.2 per cent. For the reporting quarter, Yes Bank said that its non-interest income grew 8 per cent to Rs 1,633 crore.
From an asset quality perspective, gross slippages reduced to Rs 1,050 crore from Rs 1,248 crore in the quarter-ago period. The gross non-performing assets ratio improved 0.10 per cent to 1.5 per cent.
The overall provisions improved to Rs 21.89 crore as compared to Rs 259 crore in the year-ago period, leading to the benefits on bottomline expansion.
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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
