Mumbai, India – Shares of private sector lender YES Bank have demonstrated a significant uptrend since late March 2026, climbing 47% from their 52-week low of Rs 17.19. This rally has been primarily fueled by the bank's robust fourth-quarter earnings report, which saw a 45% increase in net profit for the quarter ending March 2026.
Strong Q4 Performance Bolsters Investor Confidence
The bank's impressive Q4 results were further bolstered by a 41% reduction in provisions for potential bad loans, which fell to Rs 187 crore during the same period. Additionally, YES Bank's gross non-performing assets (NPA) slipped to 1.3%, marking its lowest level since the 2020 fiscal year. These positive financial indicators have significantly contributed to the stock's upward momentum.
Analysts Recommend 'Buy on Dips' Strategy
With the stock currently trading near its 52-week high of Rs 25.77, reached on June 18, 2026, market analysts are increasingly recommending a 'buy on dips' strategy for investors.
Rajesh Bhosale, Technical Analyst at Angel One, noted, "The previous week was particularly encouraging, as prices registered a strong upmove and surpassed the previous swing high of Rs 24.5, thereby confirming a bullish saucer pattern breakout. This breakout signals an improvement in the medium-term trend, and over the next 4–6 months, the stock has the potential to advance towards the Rs 30 mark." Bhosale also identified the Rs 24 zone as a strong support level, making any corrective dips towards this point a potential buying opportunity.
Technical Indicators and Price Targets
Virat Jagad, Sr. Technical Research Analyst at Bonanza, echoed this sentiment, highlighting a "strong breakout above its long-term descending trendline, backed by improving volumes and bullish price action." Jagad suggested that fresh positions could be considered on dips towards Rs 24.80–25.00 or on a sustained move above Rs 25.60, with ambitious targets of Rs 27.00, Rs 28.50, and Rs 30.00. He advised maintaining a stop loss at Rs 23.80 on a closing basis.
As of the current session on June 22, 2026, YES Bank shares saw a modest rise of 0.59% to Rs 25.55 on the BSE, bringing its market capitalization to Rs 78,652 crore. Technically, the stock is trading higher than its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day moving averages. However, its Relative Strength Index (RSI) stands at 72.5, indicating that the stock is currently in an overbought zone.
Over the past year, YES Bank's stock has gained 27%, with a 33% increase observed in the last three months alone, underscoring its recent robust performance in the market.