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Profit booking dampens Yes Bank shares over 2%

Profit booking dampens Yes Bank shares over 2%
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Profit booking dampens Yes Bank shares over 2%

New Delhi: Yes Bank shares on Monday witnessed heavy sell-off pressure at higher levels in morning trade on the bourses after the private lender reported a 10 per cent rise in net profit to Rs343 crore in the June quarter.

Shares of Yes Bank opened on a positive note and touched an early high of Rs18.44 apiece on the BSE, registering a gain of 2.10 per cent over its previous close. However, profit booking soon emerged in the counter and the stock fell to a low of Rs17.53, down 2.93 per cent over its last close on BSE. Similar movement was seen on the NSE, where the stock opened at Rs18.40, then fell to Rs17.65, down 2.22 per cent over its last close. In initial trade, the stock also witnessed a high of Rs18.45 on NSE.

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