Yes Bank shares opened at ₹213.70 on BSE and dropped over 29.76% in intraday on NSE. Kotak Institutional Equities has maintained "sell" rating on Yes Bank stock and revised its target price to ₹170 from ₹210 earlier. BoB Capital has downgraded Yes Bank stock to "sell" from "buy" and cut its target price to ₹210 a share from ₹275 a share. Emkay has downgraded Yes Bank stock to "sell" from "hold" and lowered target price to ₹155 from ₹260 a share. Yes Bank on Friday reported a loss of ₹1,507 crore for March quarter against a profit of ₹1,180 crore a year ago.

Source: Mint April 30, 2019 03:48 UTC