<p>The shares of private sector lender YES on Tuesday, tanked by over 27% in the early morning trade on the back of the losses reported on Friday.</p>.<p>The shares of the bank opened 10% lower on BSE at Rs 213.70 per scrip, before sliding further and touching Rs 172.35.</p>.<p>At the time of filing this story, the bank’s shares were trading at Rs 174.20 per scrip, down 26.62% from Friday’s close of Rs 237.40 per scrip.</p>.<p>Foreign brokerage Macquarie double-downgraded YES Bank to "underperform" with a 40% lower target price of Rs 165 a share and cut the fiscal year 2020-21 estimate earning per share by 45% each. Morgan Stanley is "underweight" on the stock and lowered its target price to Rs 125 from Rs 160 a share.</p>.<p>YES Bank on Friday reported a loss of Rs 1,507 crore for March quarter against a profit of Rs 1,180 crore a year ago. Total provisions during the quarter increased more than nine-fold to Rs 3,661.7 crore, as against Rs 399.64 crore in the year-ago quarter.</p>
<p>The shares of private sector lender YES on Tuesday, tanked by over 27% in the early morning trade on the back of the losses reported on Friday.</p>.<p>The shares of the bank opened 10% lower on BSE at Rs 213.70 per scrip, before sliding further and touching Rs 172.35.</p>.<p>At the time of filing this story, the bank’s shares were trading at Rs 174.20 per scrip, down 26.62% from Friday’s close of Rs 237.40 per scrip.</p>.<p>Foreign brokerage Macquarie double-downgraded YES Bank to "underperform" with a 40% lower target price of Rs 165 a share and cut the fiscal year 2020-21 estimate earning per share by 45% each. Morgan Stanley is "underweight" on the stock and lowered its target price to Rs 125 from Rs 160 a share.</p>.<p>YES Bank on Friday reported a loss of Rs 1,507 crore for March quarter against a profit of Rs 1,180 crore a year ago. Total provisions during the quarter increased more than nine-fold to Rs 3,661.7 crore, as against Rs 399.64 crore in the year-ago quarter.</p>
