Yes Bank Shares Surge 34% in 3 Months, Experts See Next Target of ₹26

Yes Bank stock is rapidly gaining momentum in the market and is steadily rising. Over the past three months, the share price has gained nearly 34%, and has now crossed the crucial ₹24 level. This consistent volatility has boosted investor confidence, and many expect further gains soon.

The stock has been trading in the green for three consecutive sessions, with the latest session alone showing a gain of over 1%. In the past two trading days, it has already gained nearly 7%. This consistent gain indicates that buying interest is returning to the stock after a prolonged period of cautious sentiment.

Market participants are closely monitoring whether the stock can sustain above the ₹24 level, as it is seen as a key breakout point. A sustained move above this level could pave the way for further gains.

A key reason behind the improving environment is the bank’s aggressive expansion plan. During the financial year ending March 2026, the bank added 82 new branches across various regions. This move is part of a larger plan to open approximately 400 branches over the next four to five years.

This expansion is expected to help the bank expand its customer base and strengthen its presence in both urban and semi-urban areas. A larger network often leads to better deposit growth and loan opportunities, which can directly impact overall business performance.

The bank also reported strong growth in its financial results. For the quarter ended March 31, 2026, net profit increased by 44.7 percent year-on-year. Profit increased to ₹1,068.42 crore from ₹738.12 crore in the same period last year.

Net interest income also increased by 16%, reaching ₹2,637.7 crore compared to ₹2,276.36 crore a year ago. Total income was ₹9,381.07 crore, slightly higher than the ₹9,355.39 crore reported in the previous quarter. Other income contributed ₹1,730.17 crore during the quarter.

Another positive development is the improvement in asset quality. The gross non-performing asset ratio declined from 1.6 percent to 1.3 percent. In terms of value, it decreased from ₹3,935.61 crore to ₹3,604.93 crore. Net NPAs also declined from 0.3 percent to 0.2 percent.

Lower bad loans reflect better risk management and healthy lending practices, which are essential for long-term stability.

According to Ravi Singh, the bank has steadily rebounded after facing significant challenges in 2020. He noted that the balance sheet has improved, and bad loans are now under better control. Technical expert Jigar S. Patel noted that ₹22 is a key support level, while ₹24.3 is a key resistance. If the stock moves above ₹24.3, it could reach ₹26 in the short term. For now, the expected trading range remains between ₹22 and ₹26.