Yes Bank climbs as Q2 earnings beat estimates

Yes Bank, one of the leading private sector banks, climbed on Tuesday after it has reported better- than-expected earnings.

The bank reported a rise of 30.24% in net profit of Rs 3.06 billion for the quarter ended Sept. 30, 2012 as compared with Rs 2.35 billion for the quarter ended Sept. 30, 2011. The market was expecting profit of Rs 3 billion.

Total income has gone up 36.94% to Rs 22.63 billion for the quarter ended Sept. 30, 2012 from Rs 16.53 billion in the year ago period. Shares ofthe bankare trading at Rs 393.35, up Rs 6.3, or 1.63% at the Bombay Stock Exchange (BSE) on Tuesday at 11:36 a.m.The scrip has touched an intra-day high of Rs 394.35 and low of Rs 385.55. The total volume of shares traded at the BSE is 456,996.In the earlier session, the shares gained 1.08%, or Rs 4.15, at Rs 387.05. Currently, the stock is trading down 3.31% from its 52-week high of Rs 406.80 and above 70.61% over the 52-week low of Rs 230.55.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 381.45 5.60 1.47 1 Month 371.25 15.80 4.26 3 Months 346.05 41.00 11.85 6 Months 357.10 29.95 8.39 1 Year 281.50 105.55 37.50 Note: Based on previous day closing price.