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Yes bank share: There is a lot of discussion about Yes Bank shares in the Dalal market these days. The private bank’s share price is in a selling phase after climbing to a 52-week high of ₹24.75 on December 13, 2022. Yes, bank stocks are down 30 percent in about a month, while the stock is down more than 20 percent this year year-to-date. Yes Bank shares are currently at Rs 17.45.
State of the company’s shares
Let us tell you that Yes Bank stock is down 95% over the past year. Meanwhile the stock has fallen from Rs 349 to Rs 17.45. That means the investment of one lakh has been reduced to Rs 5000. The stock is down 12.75% over the past five trading days. However, the stock has gained 31.20% over the last year.
This company will give 1 to 1 bonus shares, announced 509% return after listing
What do experts say?
According to stock market experts, this drop in Yes Bank shares is short-lived. According to experts, Yes Bank should recover from its low level. Yes Bank’s share price declined after weak third-quarter results and the recent Bombay High Court ruling. However, there is also a possibility of a rise in the coming days.
Why is Yes Bank stock price falling? Ravi Singhal, CEO of GCL Broking, said: “Recently, Yes Bank shares have fallen for two main reasons. The Bombay Supreme Court has written off the AT-1 bonds of the Yes Bank administrator. The second is the rejection of the decision to do so, and second, the weak Q3 FY 23 results. Both reasons for the decline in Yes Bank’s stock prices are short-lived as Yes Bank is taking the Bombay High Court order to the Supreme Court on the On the other hand, the bank has managed to de-stress and has announced that it will repay the entire loan to JC Flower ARC.Yes, the bank has recovered both quarter-on-quarter and year-on-year, and taking all these factors into account, I would recommend the shareholders of Yes Bank recommend accumulating the scrip with a stop loss at £17 and £18 per share this autumn,” the broker said.
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What other brokers say?
“Yes Bank shareholders are advised to keep the stop loss at the £17 level,” said Chinmay Barve, Head – Technical & Derivatives Research, Profitmart Securities. Looking at the chart pattern, it is likely that Yes Bank continues to trade higher May Rebound strongly from the lows and is moving towards the ₹20 and ₹22 levels those who want to play it safe can buy Yes Bank stock for around ₹15 and hold it for a long time.
