Yes Bank share price jumps 8%
Yes Bank share price jumped over 8 percent intraday on December 9 after Brickwork Ratings upgraded the rating of Tier I Subordinated Perpetual Bonds (Basel II) to BWR BB+/ Stable.
The stock was trading at Rs 18.74, up to Rs 1.41, or 8.14 percent at 09:46 hours. It has touched an intraday high of Rs 18.90 and an intraday low of Rs 18.03.
The rating upgrade factors in improvement in capitalization ratios of the bank, strong shareholder base and experienced board members.