YES Bank shares surged to a fresh 52-week high on Tuesday, continuing a three-session gaining streak. The banking stock climbed 3% to Rs 24.48, up from its previous close of Rs 23.77, pushing the lender's market capitalization to Rs 75,105 crore.
This significant upward movement marks a 30% gain for the stock over the past three months and a 42% increase from its 52-week low of Rs 17.19 recorded on March 30, 2026.
Key Drivers Behind the Rally
The recent rally in YES Bank shares is primarily attributed to several positive developments:
- Robust Q4 FY26 Earnings: The bank reported a strong performance in the fourth quarter of fiscal year 2026, with net profit rising 45% year-on-year to Rs 1,068 crore. Net interest income (NII) also saw a healthy increase to Rs 2,638 crore, up from Rs 2,276 crore in Q4 FY25.
- Improved Asset Quality: YES Bank has shown considerable improvement in its asset quality, with the Gross Non-Performing Asset (GNPA) ratio falling to 1.3%, its lowest level since FY20.
- Strategic Partnership: The bank recently formed a strategic alliance with Northern Arc Capital. This partnership aims to expand digital lending, enhance credit accessibility, and cross-sell debt investment products, which is expected to boost the bank's retail fee income.
Analyst Outlook and Technicals
Technically, YES Bank shares are trading above their 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day moving averages, indicating a strong bullish momentum. The stock's Relative Strength Index (RSI) stands at 63.8, suggesting that it is neither overbought nor oversold, leaving room for further potential buying.
Market analysts have shared optimistic price targets:
- Shitij Gandhi, AVP - Equity Technical Research, SMC Global Securities: "If the stock continues to hold above the breakout base of Rs 24, the ongoing bullish momentum may extend further in the near term which could push the prices towards Rs 27-29 zone."
- Hitesh Tailor, Technical Research Analyst at Choice Broking: Expects the stock to reach Rs 26.50 in the coming weeks.
- Jigar S Patel from Anand Rathi: Notes support at Rs 22 and resistance at Rs 24.30. A decisive breakout above Rs 24.30 could lead to further upside towards Rs 28, with the short-term trading range expected between Rs 22 and Rs 28.
These projections reflect confidence in YES Bank's continued recovery and growth trajectory following its recent operational and financial improvements.