New Delhi, Oct. 10 -- Yes Bank's share price continued its upward momentum, jumping another 8.4% in Friday's intraday trade (October 10) to reach a new 52-week high of Rs.24.30 apiece. This also pushed the stock's October returns to 12.5% so far.

The shares have closed higher in eight of the last nine trading sessions, resulting in a cumulative gain of 16%. For this week alone, the stock is up by 9.3% and is on track to post its biggest weekly gain since early May, when it had advanced 13.11%.

The stock has seen renewed buying interest in recent months following multiple positive developments, including the stake acquisition by Japanese financial major Sumitomo Mitsui Banking Corporation (SMBC), rating upgrades, and the release of the b...