
Why Yes Bank’s Share Price Dipped Before Q2 2024 Results Announcement
Yes Bank's share price experienced a significant dip ahead of its Q2 2024 results announcement, falling over 9% in five days from ₹21.50 to ₹19.50 on the NSE. Experts attribute this decline to market expectations of flat earnings, resulting from moderate deposit growth and stable, yet subdued, profit margins. Anticipated pressure on slippage rates also contributed to the downward trend.
Market Expectations for Yes Bank Q2 Results
According to market analysts, Yes Bank's performance for Q2 FY25 is expected to show stable but modest growth, especially in net interest income (NII), driven by average loan growth across the sector. Slippage is likely to remain steady, albeit at elevated levels, and income volatility may emerge due to timing factors. Despite these pressures, Yes Bank shares are believed to have already factored in these results, hinting at a possible trend reversal if support holds above ₹16.90.
Analyst Insights
Manish Chowdhury, Head of Research at StoxBox, suggests that Yes Bank's moderate deposit growth and steady NII performance should maintain investor confidence despite potential income fluctuations. With stability in profit margins and a reliable support base for share prices, investors may see an opportunity for a rebound once Q2 results are fully digested by the market.
Outlook
The market response post-Q2 announcement will be critical. Should support at ₹16.90 hold and positive trends emerge, the bank's shares may see upward movement in the coming weeks.
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