Yes Bank shares started Friday’s trading session on a high note, fueled by a positive business update for the October-December 2024 quarter. The stock opened with an upside gap and reached an intraday high of ₹20.19 on the NSE, gaining over 2% in early trade. This uptick followed the bank’s Q3FY25 performance disclosure, released just before the opening bell. The bank reported a 12.6% year-on-year increase in loans and advances, reaching ₹2,45,035 crore, compared to ₹2,17,523 crore in Q3FY24. Quarter-on-quarter, this represented a 4.2% rise from ₹2,35,117 crore. Deposits also saw robust growth, climbing 14.6% YoY to ₹2,77,199 crore, up from ₹2,41,831 crore during the same quarter last year. Market experts attribute the surge in Yes Bank’s stock to these solid numbers, which signal a strong financial trajectory for the lender. Analysts highlight that the technical charts for Yes Bank also look favorable, with the stock showing strong support at ₹19 and resistance at ₹22. A close above ₹22 could potentially propel the price to ₹24 in the near term. Investors have responded positively to the news, with many viewing this as a good opportunity for short-term gains. Analysts recommend maintaining a strict stop-loss at ₹19 to manage risk while holding positions or initiating new ones.