Zomato and Yes Bank made investors rich, rained notes in just 5 days
Zomato and Yes Bank The investors who invested in it have become rich in just five days. Zomato has given returns of more than 32 per cent to its investors in just five days. The share price of the company has increased from Rs 42.55 to Rs 55.55 in five days. At the same time, Yes Bank is also not behind in giving bumper returns to the investors. Yes Bank has given a return of about 25 percent to the investors in the last five days. Today the share price has reached a high of Rs 17.90. At the same time, if we talk about the last one month, the stock has given a return of about 33 percent to the investors.
still more to come
Market experts say this is just the beginning. Right now there will be a big jump in Yes Bank’s stock and the stock will cross Rs 20. This was a big resistance in the bank’s stock at Rs 16, which has been broken today. In such a situation, there can be a further increase of 25% to 40 percent in the stock.
Why has there been a boom in Yes Bank?
Net profit jumped 50 per cent to Rs 311 crore in the first quarter of the financial year on account of reduction in bad loans and rising income of Yes Bank. The ratio of non-performing assets (NPAs) in the bank’s gross loans came down to 13.45 per cent as against 15.60 per cent in the same quarter last year. This has led to a rise in the shares of the bank. Along with this, two funds belonging to Carlyle Group and Advent International have invested about Rs 8898 crore in Yes Bank. This has strengthened the financial position of the bank.
Why Zomato Shares Jumped
The company announced its June quarter results on Monday. The company’s net loss has halved to Rs 186 crore in the June quarter. The company had posted a loss of Rs 360.7 crore in the same quarter a year ago. The company’s income increased to Rs 1,582 crore for the quarter under review, as against Rs 916.6 crore in the same quarter last year. After the quarterly results, the company’s stock on the BSE rose to Rs 51.80 with a gain of 10.67 per cent in early trade. On the National Stock Exchange, it was trading at Rs 51.30 with a gain of 10.79 percent. That’s why the company’s stock has risen sharply.
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