Yes Bank Ltd - 532648 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Schedule of Analyst/Institutional Investors Meet(s)/ Call(s)17-12-2019
17-12-2019
With YES Bank approval on cards, Coffee Day-Blackstone deal almost sealed
CDEL currently has a three-member board, including Siddhartha's wife Malavika Hegde and S V Ranganath, a retired bureaucrat who acts as the chairman now15-12-2019
Yes Bank expects revenue growth to stay muted in Q3
The beleagured lender sees some improvement in revenue in Q4.Yes Bank had posted a consolidated net loss of 629.1 crore for the September 2019 quarter due to a spurt in bad loans13-12-2019
YES BANK LTD. - 532648 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Schedule of Analyst/Institutional Investors Meet(s)12-12-2019
Top Gainers in the News: YES Bank, Sterlite Technologies, PC Jeweller, IIFL Finance, Tata Motors
by Ritmbarah Arora YES Bank: YES Bank shares jumped 10.2% at Rs 47.2 as of this writing. Around 218.5 million shares in volume have been traded so far and is among the most traded shares today. The share price has decreased by 24.1% since the last week as per Trendlyne data. The company had a meeting on Tuesday in which they failed to reach a final decision on potential investors though it favoured a $500 million offer from Citax Holdings. Siddharth Purohit, an analyst at SMC Global Securities said, “The delay is indicating that either there are regulatory issues or maybe the bank is not getting serious offers". Another analyst, Suresh Ganapathy at Macquarie Capital Securities (India) Pvt. wrote in a note, “If the bank is unable to raise money in the next six months, it poses a grave danger to the financial system”. YES Bank is listed in 27 screeners on Trendlyne. Link Sterlite Technologies: The shares of Sterlite Technologies are among the top gainers in the stock market today. The share price advanced 9% at Rs 116.9 with around 3.5 million shares in volume traded today so far. As per Trendlyne data, the share price decreased by 4.8% since the last week. Sterlite Technologies had signed a memorandum of understanding (MoU) with Indian Institute of Technology Madras for sponsoring a chair professorship in fifth-generation (5G) communication technologies. Badri Gomatam, Group CTO of STL noted, “Through this partnership, STL and IIT Madras are committed to realise the enormous potential of 5G for customers and industry in India and global markets". Sterlite Technologies is listed in 21 screeners on Trendlyne. Link PC Jeweller: The stocks of PC Jeweller surged 8.9% at Rs 23.4 as of this writing. Around 8.4 million shares in volume have been traded today so far. PC Jeweller touched its 52-week low at Rs 21 on December 11, 2019 after CARE Ratings downgraded the ratings of the fixed deposit programme of the company to CARE D (FD). PC Jeweller is one of the red flag screeners on Trendlyne. The shares of the company decreased by 15.8% since the last week. PC Jeweller is listed in 20 screeners on Trendlyne. IIFL Finance: The shares of IIFL Finance are among the top gainers in the share market today. The share price surged 8.1% at Rs 148.7 while around 2.9 lakh shares in volume have been traded today so far. As per Trendlyne data, the share price decreased by 5.8% since the last week. Piramal Group and IIFL Wealth Management, a part of IIFL Group will co-invest in an alternative investment fund (AIF) which will back projects that are at an advanced stage and need last-mile funding, according to announcement on Wednesday. The 2,000 crore AIF will provide capital to established developers in key cities. IIFL Finance is listed in 20 screeners on Trendlyne. Link Tata Motors: The shares of Tata Motors advanced 5.4% at Rs 170.6 as of this writing. Around 33.2 million shares in volume have been traded today so far. The stock price increased 2.7% since the last week, as per Trendlyne data. As per a report published on December 10, the global wholesales of all passenger vehicles declined 12% on a YoY basis to 58,641 units in November 2019. Tata Motors is listed in 26 screeners on Trendlyne. Link12-12-2019
YES Bank share price recovers 6% after 2 sessions of fall
This trend reversal comes after 2 days of consecutive fall, as uncertainty over the bank's capital raising plans has worried investors12-12-2019
What awaits cash-starved YES Bank ?
YES Bank's board meeting was inconclusive on Tuesday as the firm still hasn't firmed up on who could be the potential investors. It has been close to nine months since the new CEO Ravneet Gill took over and the firm is yet to raise money. A roadshow was done in Hong Kong and Singapore in September this year, that none of the 40 investors contacted wanted to give YES Bank capital. The struggle to raise money from quality investors shows us that investor interest in the stock continues to be very low.Source: Macquarie11-12-2019
Equity indices likely to be sluggish, global investors eye Fed rate decision
Yes Bank shares to be focus as the bank said it is considering a $500 million investment offer from Citax Holdings and Citax Investment Group.Auto stocks may be limelight as passenger vehicle sales declined 0.8% year-on-year to 2,63,773 units in November11-12-2019
Yes Bank favourably considering Citax Holdings offer
Yes Bank said it is willing to favourably consider the offer of $500 million of Citax Holdings and Citax Investment Group.Yes Bank said the binding offer of $1.2 billion submitted by Erwin Singh Braich and SPGP Holdings continues to be under discussion10-12-2019