Yes Bank shares fell close to 4 percent today what should investors do next
read on the appYes Bank Share Fall: After the results of the March quarter, today i.e. on Monday, there has been a huge fall in the shares of Yes Bank in the stock market. Shares
of Yes Bank had slumped by nearly 4 per cent on Monday. Around 12.25 pm, shares of Yes Bank were trading at Rs 15.64, down 3.58 per cent. Ever since the release of the company's
quarterly results, the question has been arising in the minds of investors whether to hold, sell or buy this stock. Let us know the answer. This company ruined the investors,
another hurdle before the second round of auction
Why Yes Bank Shares Fall After Q4 Results? (Yes Bank Share)
Commenting on the fall in Yes Bank share prices,
Ravi Singhal, GCL Securities says, “The major fall in Yes Bank shares can be attributed to higher provisioning in Q4 results. The market was expecting lower provisioning after
the end of the 3-year lock-in period of big banks including SBI. Despite the lapse of more than three years, Yes Bank has failed to address its bad debt. This is a matter of
concern for the bank. This is the reason why this stock is in the selling range in the stock market today. This stock will go up to Rs 444, experts say buy
What should
investors do? (Yea Bank Expert Advice)
Sumeet Bagadia of Choice Broking says, “The immediate support price of Yes Bank stock is Rs 15.25. Anyone holding Yes Bank
shares will have to maintain a stop loss of Rs 15. Whereas, when the share price crosses the level of Rs 18.50, then it will be beneficial to make fresh investment. The company is
paying a dividend of Rs 377 per share, before the record date of April 30.
What is the target price of Yes Bank?
Ravi Singhal of GCL Securities says, “When
the shares of Yes Bank reach the level of Rs 18.50, then they can also go up to the level of Rs 22 to 24. But if it falls below Rs 15, then it can go down to the level of Rs 12.50
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