Indian stock markets witnessed a positive trend on Friday, May 29, 2026, with shares of YES Bank, Reliance Power, and GMR Airports recording gains of up to 6%.
YES Bank Sees 4% Rise Amid Market Rally
YES Bank shares climbed 4% to reach Rs 23.54, up from their previous close of Rs 22.76. The bank's market capitalization stood at Rs 73,755 crore. Technically, the Relative Strength Index (RSI) for YES Bank was at 66.5, indicating the stock was nearing the overbought territory. Despite hitting a 52-week low of Rs 17.19 on March 30, 2026, the stock has shown resilience, increasing 10% over the past year and 15.53% in the last month.
Reliance Power Shares Also Gain 4%
Reliance Power shares also saw a 4% increase, trading at Rs 28.73 compared to their previous close of Rs 27.65 on the BSE. The company's market cap was reported at Rs 11,274 crore. Its RSI was at 52.8, suggesting the stock was in a neutral zone, neither overbought nor oversold.
GMR Airports Climbs 6% Following Strong Q4 Earnings
GMR Airports recorded the most significant gain among the three, with its shares rising 6% to an intraday high of Rs 104.14. This surge came after the company announced a strong performance in its fourth-quarter earnings. GMR Airports reported a consolidated net profit of Rs 400.49 crore for Q4, a substantial turnaround from a loss of Rs 252.66 crore in the same period last year. Revenue also saw a significant boost, climbing to Rs 4,042.90 crore from Rs 2,976.76 crore year-over-year.
Furthermore, the airport operator, which manages key facilities including Delhi and Hyderabad airports, achieved a major milestone by posting an annual profit of Rs 472 crore for the fiscal year 2026. This marks the first time in over a decade that GMR Airports has reported full-year profitability.