YES Bank shares surge 8% to hit a 52-week high. What’s fueling the rally?

Shares of YES Bank rocketed as much as 8.4% on Friday to a 52-week high of Rs 24.30 on the BSE, extending a week-long rally to 11%. The Mumbai-based private lender has now logged gains in eight of the last nine trading sessions, pushing it toward its best weekly performance since May.

Trading volumes spiked sharply, with 18 crore shares changing hands, well above the 20-day average of 3.2 crore, reflecting strong investor interest in the stock.

The rally follows Japanese financial major Sumitomo Mitsui Banking Corporation’s (SMBC) recent stake acquisition and growing anticipation for YES Bank’s upcoming Q2 FY26 results, scheduled for October 18. The stock has now crossed Rs 21.5, the price at which it issued shares to SMBC during its initial stake purchase.


SMBC acquired a 24.22% stake in YES Bank in September 2025 from lenders including SBI, HDFC Bank, Federal Bank, Bandhan Bank, and CA Basque Investments, an affiliate of Carlyle Group. The Japanese firm now holds 759.51 crore shares in the bank.

On the fundamentals front, YES Bank reported strong growth in its September 2025 quarter. Loans and advances rose 3.9% quarter-on-quarter to Rs 2,50,586 crore, while total deposits increased 7.9% year-on-year to Rs 2,96,831 crore. Investors are now eyeing the lender’s Q2 FY26 and H1 FY26 results for further cues.

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The stock has performed well in recent periods, rising 15% in the last month and 22% year-to-date, after a 9% decline in 2024.

Technicals point to bullish momentum: YES Bank is trading above all eight key simple moving averages, from the 5-day to the 200-day SMA, while the Relative Strength Index (RSI) stands at 73.3, suggesting overbought conditions.

Meanwhile, the Moving Average Convergence Divergence (MACD) at 0.5 remains above both the center and signal lines, reinforcing the ongoing upward trend.

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