YES Bank share price falls for third straight session on concerns over CG Power, hits fresh 52-week low
The share price of private lender YES Bank continued their losing momentum for the third straight session and touched a fresh 52-week low of Rs 60.10 on the Bombay Stock Exchange.
- Aug 22, 2019,
- Updated Aug 22, 2019 1:49 PM IST
The share price of private lender YES Bank continued their losing momentum for the third straight session and touched a fresh 52-week low of Rs 60.10 on the Bombay Stock Exchange, as investors remained wary over the bank's exposure to CG Power and Industrial Solutions which has been hit by financial fraud.
Initially, the YES Bank stock started the day in the green and touched an intraday high of Rs 67.70, registering a rise of 3.52% against the previous close of Rs 65.40. Although later by the first hour of the opening bell, the share price of YES Bank tumbled over 8.1% to a new 52-week low at Rs 60.10 on BSE.
The share price of private lender YES Bank continued their losing momentum for the third straight session and touched a fresh 52-week low of Rs 60.10 on the Bombay Stock Exchange, as investors remained wary over the bank's exposure to CG Power and Industrial Solutions which has been hit by financial fraud.
Initially, the YES Bank stock started the day in the green and touched an intraday high of Rs 67.70, registering a rise of 3.52% against the previous close of Rs 65.40. Although later by the first hour of the opening bell, the share price of YES Bank tumbled over 8.1% to a new 52-week low at Rs 60.10 on BSE.