YES Bank shares fell 6.9% in intraday trading on the BSE, down 2.6% at Rs 21.85. The stock saw a trading volume of over 122.9 million shares, the highest since November 2022.
Suzlon Energy shares also fell 4.4% in intraday trading on the BSE to Rs 15.5 per share, with a trading volume of over 130.6 million shares.
Tata Investment Corporation led the turnover table on the NSE, with a total turnover of Rs 2.7 trillion. Other stocks that saw high turnover include Yes Bank (Rs 187.4 billion), Axis Bank (Rs 170.3 billion), Reliance Industries (Rs 129.7 billion), and Tata Steel (Rs 115.6 billion).
Analysts say that the fall in YES Bank and Suzlon Energy shares was due to profit-booking by traders, following a recent rally in the stock markets. They also say that the high trading volumes indicate that there is still a lot of interest in these stocks.
“YES Bank and Suzlon Energy are both fundamentally strong companies, and their shares are likely to recover in the coming weeks,” said an analyst at a brokerage firm. “However, traders should be cautious as volatility in the stock markets is expected to continue in the near term.”