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Bullish flag breakout and sustaining above 13 days EMA signaling further upward momentum.

Shares of the private sector lender have given double digit returns so far in the current financial year, but have still underperformed Nifty Bank. The stock has gained 19% compared to the 22% gains for the banking gauge.

Promoters held 29.3 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 49.97 per cent and 6.42 per cent, respectively.

Bitcoin rose 0.82% and held near the $21,000 mark, whereas Ethereum was comfortably trading above $1,500 levels. BTC volume in the last 24 hours stood at approximately $21.1 billion, falling 29.2% in the last 24 hours.

YES Bank saw a 12% YoY rise in advances to Rs 1.97 lakh crore as on December 31, and a 16% increase in deposits to Rs 2.14 lakh crore, according to its provisional update shared earlier this month.

Business biographies are one of the best resources for reading between the lines about any business. If we are motivated analysts and want to get a good sense of what happened in a business, studying the numbers & reading the biography of that business can give us a lot of additional contexts.

The stock traded at a P/E multiple of 28.51, while the price-to-book value ratio stood at 9.3.

Shyam Metalics and Energy key Products/Revenue Segments include Steel, Sale of services, Export Incentives, Power, Miscellaneous, Other Operating Revenue for the year ending 31-Mar-2022.

Foreign portfolio investors (FPIs) offloaded Indian equities worth Rs 15068 crore in the first half of January, the most since the end of September 2022. >> For more such web stories click on the ET icon below

Current valuation at 2x/1.8x for FY23E / FY24E P/EV is attractive.