The Yes Bank share price has been moved up around 4 per cent ahead of the earnings announcement. Yes Bank is expected to announce its earnings for the quarter ended June 30, 2019 later in the day.
From a pathetic 52-week low of Rs. 85.70 last week, the Yes Bank share price has recovered 26.49% of its loss.
On the Bombay Stock Exchange (BSE), the Yes Bank share price opened 4.19 per cent higher at Rs. 108.25. On the National Stock Exchange (NSE), Yes Bank shares climbed 4.48 per cent to Rs. 108.50 at the day's strongest point.
Last month, credit ratings major Moody's had placed Yes Bank under review for a downgrade citing the private-sector lender's exposure to some weak financial companies.
For the quarter ended March 30 - the last quarter of financial year 2018-19, Yes Bank reported a net loss of Rs. 1,506 crore.