23 Sep 2025 | 5 Mins Read
YES Bank shares surge 10% after Sumitomo boosts stake
Flipitmoney
YES Bank surged roughly 10% in a month, as investors respond to Japan's Sumitomo Mitsui Banking Corp's 24.9% stake increase, a strategic move seen as a vote of confidence in the private lender's turnaround. Analysts expect targets around Rs 25, with support near Rs 19.87 and immediate resistance around Rs 23. A potential rating upgrade could influence investor engagement.