YES Bank Ltd Share Price: Yes Bank’s share prices have been falling continuously in the last one month. On Friday, the share price of the private bank closed at Rs 23.62 with a fall of 0.51 percent. In just one month, Yes Bank’s share prices have fallen by 8.06 percent. The company’s 52-week high is Rs 32.81. The company’s shares reached this level on February 9 this year. Since then, the bank’s shares have fallen by 28 percent. The question is what should Yes Bank’s positional investors do next?
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What are positional investors advising?
According to a Business Today report, most experts are advising to sell Yes Bank shares. Experts believe that the price of Yes Bank shares can come down to the level of Rs 19 to Rs 20. Brokerage house Kotak Institutional Equities has advised to ‘sell’ this stock. The brokerage house has said that the fair value of Yes Bank shares is Rs 19.
G Chokkalingam, Founder and MD of Equinomics Research, says, “We recommend selling the stock. The banking industry is currently facing some problems. Such as low credit growth, increasing competition in the industry, decline in deposit growth across the industry. Apart from all this, Yes Bank’s net interest margin is also low. For these reasons, we recommend selling this stock. Also, the target price is Rs 20.”
Yes Bank performance in June quarter
Net interest margin has declined from 2.5 per cent to 2.4 per cent during April to June 2024. However, the bank’s profit has increased. Yes Bank’s profit has increased by 46.7 per cent year-on-year to Rs 502 crore. Yes Bank had a profit of Rs 343 crore in the June quarter a year ago.
