In Short

• Yes Bank shares rose over 8% to Rs 19.73 intraday on BSE on Friday
• Stock gained nearly 11% in last five sessions amid investor interest
• Experts advise long-term investors to hold due to positive outlook

Yes Bank shares rallied sharply in Friday’s trade, rising over 8% to touch an intraday high of Rs 19.73 on the Bombay Stock Exchange. At around 1:12 pm, shares of the company were down 6.92% to Rs 19.48.

The stock has now gained nearly 11% over the past five sessions, sparking investor curiosity.

The fresh optimism stems from market chatter around a potential stake acquisition by Japan’s Sumitomo Mitsui Banking Corporation (SMBC). Although Yes Bank clarified that it routinely engages with stakeholders as part of its growth strategy, speculation about a possible foreign investment has lifted sentiment.