Yes Bank shares jump 23% in two days after RBI allows HDFC Bank to pick
Wed, Feb 7, 2024 2:00 PM

Yes Bank shares jump 23% in two days after RBI allows HDFC Bank to pick

A Flip by Avya Verma
Get it on Google Play
Shares of Yes Bank saw a significant increase of 23% over the past two days after RBI allowed HDFC Bank to acquire up to 9.50% of Yes Bank's share capital or voting rights. The stock reached a 52-week high and has been consistently rising since December, with net interest income growing by 2.4% and provisions dropping sharply. Despite a slight decline in pre-provision operating profit.

More great flips

Tata Investment Corporation Q2 Results: Profit Falls by 0.6% YOY

Tata Investment Corporation Q2 Results: Profit Falls by 0.6% YOY

Tata Investment Corporation's Q2 results showed an 8.8% year-over-year revenue increase, but a 0.6% profit decline, with a 12.45% revenue growth and 5.63% profit decrease quarter-over-quarter. Rising SG&A expenses impacted profit margins, but operating income grew 13.81% quarter-over-quarter and 10.74% year-over-year.

Open Flip
41 stocks with record dates for dividend, bonus, split this week

41 stocks with record dates for dividend, bonus, split this week

Coal India, Hindustan Unilever (HUL) and REC Ltd among a host of other companies are likely to remain in focus this week as they are approaching their record dates for the purpose of dividends, bonus issues and stock splits. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer.

Open Flip
NSE launches new mobile app, upgrades website to empower investors

NSE launches new mobile app, upgrades website to empower investors

On Diwali, the NSE introduces the NSEIndia mobile app and expands its website to support eleven regional languages, enhancing accessibility and inclusivity for Indian investors. The app provides market insights, personalized watchlists, and derivatives market data, aiming to empower investors with intuitive tools and real-time information.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon