Yes Bank, a leading private sector bank, saw a significant rise in its shares last Friday and this rise continued on Monday as well. The share price reached Rs 18.60 per share in early trading on Monday.

From which it is clear that it has increased by 11% in the last 2 trading sessions. If we talk about last Thursday, the share price was at Rs 16.80 per share. It is important for investors to know what is the reason behind this rally

Last week, there was some important news related to this bank, which resulted in a rally in the stock. According to some media reports, the ongoing debt issue between Subhash Chandra and JC Flower ARC is being resolved

In which Yes Bank's Asset Restructuring Company has decided to bear 75% loss. As a result, Subhash Chandra will now have to pay only Rs 1,500 crore instead of Rs 6,500 crore. Thus, there are several important reasons behind the rally shown in Yes Bank stock, which investors should keep in mind.

Understand the whole news in short

Yes Bank's share boom: On last Friday, there was a good boom in Yes Bank's stock and this boom is continuing on Monday as well.

Share price: The share price reached Rs 18.60 per share in early trade on Monday.

Gain percentage: The stock has gained 11% in the last 2 trading sessions

Last Thursday Price: Last Thursday the share price was Rs.16.80 per share.

Reason for the boom: Some special news came last week regarding Yes Bank, due to which the stock is witnessing a boom.

Subhash Chandra and JC Flower ARC issue: The issue that has been going on for two years is now about to end, in which the Asset Restructuring Company of Yes Bank has decided to bear 75% loss.

SubhashSubhash Chandra's payment: Subhash Chandra will now have to pay only Rs 1,500 crore instead of Rs 6,500 crore.

Stock Performance: The stock saw a rise of more than 8% till 12 noon on Monday.

52-week high and low: The stock has a 52-week high of Rs 24.75 and low of Rs 14.40 per share.

Disclaimer: This article has been made on the basis of some estimates and information, we are not a financial advisor, if you invest in Stock Market, Mutual Fund, Cryptocurrency by reading this article, then your profit ) And we are not responsible for the loss, so invest with your own understanding and take the advice of a financial advisor before investing.

Author:- Dr Vivek Garg