YES Bank shares: Shares of private bank Yes Bank Ltd. fell by 1 percent to close at Rs 23.62 on Friday. At this closing price, the stock is down 8 percent in the last one month and 27 percent from its 52-week high price of Rs 32.81 seen on February 9 this year. Let us tell you that Yes Bank stock has risen 40% in the last one year but has also fallen by 65% in five years. At the same time, in the year 2018, the price of this share had reached Rs 393. That is, this share has fallen by more than 93% from this price till now.
What is the brokerage opinion?
Stock market analysts broadly suggested that the stock could fall to the level of Rs 19-20. Analysts at Kotak Institutional Equities have recommended ‘sell’ on Yes Bank shares, while placing it at a fair value of Rs 19. At the same time, G Chokkalingam, founder and MD of market research firm Equinomics Research, said, “We have a ‘sell’ view on the stock. There are many constraints in the banking industry, such as low credit growth, the need to reduce the credit-deposit ratio, intense competition in the industry for high CASA (low-cost deposits) and poor overall deposit growth in the industry.” Kranti Bathini, Director, Equity Strategy at Wealthmills Securities, said, “Only high-risk investors should consider entering this stock. Investors who already have these shares can maintain their position.” Osho Krishna, Senior Research Analyst (Technical & Derivatives) at Angel One, said, “In the last few months, Yes Bank has been trading in a range of 5-7 points with no clear trend emerging. Currently, the stock is near the lower end of the consolidation range. Hence, Rs 22 can be seen as support, while Rs 27-28 remains a challenging one for the counter in the comparative period.” “We have a ‘sell’ rating with a target below Rs 20,” Chokkalingam added.
This company will give 10 bonus shares for every 1 share, the veteran investor has 5 lakh shares of the company
This stock fell from ₹ 800 to ₹ 2, now trading is closed for 4 days, investors are bankrupt
June quarter results
During the June 2024 quarter (Q1 FY25), the bank’s NIM declined to 2.4 per cent from 2.5 per cent in the year-ago period. However, YES Bank’s net profit grew 46.7 per cent to Rs 502 crore in Q1 FY25 from Rs 343 crore in the same period last year.
