Yes Bank shares surged more than 6.5% after Moody's upgraded its outlook from stable to positive.
Yes Bank shares opened with an upside gap at ₹26.10, hitting an intraday high of ₹26.60 soon after.
Moody's outlook upgrade on Yes Bank from stable to positive triggered strong buying, boosting share price.
Improved asset quality and potential growth in depositors' base, but profitability remains a concern.
Rumors of Yes Bank's $5 billion stake sale added to the share price surge. No official announcement yet.