With the new revival plan of the bank, many renowned banks are investing in Yes Bank, raising the share price by 80%, which is the biggest gain of the last 6 months. The price target for Yes Bank (YesBank) shares during the day is 17.79 dollars (17.72-17.43 on the downside) and 18.55 dollars (18.37-18.73 on the upside.
In the future, the Bank intends to increase its share of retail banking from the current 44 percent to 60 percent of book value by the end of the calendar year 2023.
It is present in metro, urban, semi-urban and rural areas across India. The bank's current market capitalisation is 33,247,860 rupees. For more information, see this list of India's 100 largest companies in terms of market capitalization. The bank, which has too many bad loans, is linked to the State Bank of India, which will hold a 30% stake in the bank from 28 July 2020.
Shares of Yes Bank are currently trading at Rs13.25 and have risen 6.03% in the last 365 days. At the current price of Rs1,325, the bank's shares are trading 9.73% above their 200-day moving average.
Since price trends tend to persist, it is worth taking a look at the price trends for bank stocks. Nilesh Jain, Assistant Vice President (AVP, Equity Research and Technical Derivatives, Centrum Broking) said: "Yes Bank’s stock price is moving up and down the technical charts. The current price of Yes Bank shares is $13,250 as of 2021 and our data suggests that the asset price has been on a downward trend since its incorporation in the last year.
Shares in Yes Bank were trading 4.4% higher during Wednesday's session and today ranked as the most active banking sector in terms of volume. Yes Bank's share price, which has surpassed its 52-week high, is hard to predict as bulls are yet to see any improvement in earnings. The bank's share price is currently trading at 36 cents, a 52-week low.
The last traded share price of Yes Bank Ltd was $13.25 (Rs 9.86) on the NSE. The bank's share price opened 16% higher today at Rs 12.44, but it was off the day's high near Rs 12.24 on the BSE. Yes, the bank's share price fell 5% this morning (May 6) after its profits were announced during regular market time.
A consortium of lenders led by the largest lender, State Bank of India, pumped money into the bank to rescue it from deteriorating financial conditions. Shares of the private lender to the bank traded at Rs13.6 per share on the New York Stock Exchange on Monday 4% higher in early trading after it reported a quadruple jump in net profit to Rs207 crore for the June quarter compared to Rs45 crore for the corresponding quarter of the prior financial year due to lower provisions and robust other earnings. Yes Bank is evolving into a full-service commercial bank offering banking technology-driven products and services to meet the financial needs of SMEs, corporate and retail clients.
Retail banking offers retail loans, deposits and other services. The other banking segment represents parabanking activities, including third-party product distribution and merchant banking. The flagship company is Reliance Industries Limited, a Fortune Global 500 firm and the largest private sector company in India.
At Rs13.25 per share, the bank trades at a discount of 0.105% to analysts "consensus target of Rs0.0000. YesBank's March 2022 target forecast is $18.38 (up $15.13 to $11.87) and $3.22 (down $6.48 to $9.73). The Yes Bank's target for this week is $12.72 ($18.83 up, $10.18 down and $5.04 down).
We will take a closer look at this below and delve a little deeper into the analysis of the stock. The stock has moved sharply higher in the last 6-7 trading sessions on the NSE. The NSE currently trades 5.6 Cr shares.
Investors are advised to invest only after an appropriate analysis of the respective company and not to follow unfounded rumors and tips. You may be asked to share your knowledge and evidence of systemic misconduct, potential fraud or unethical behaviour via the anonymous portal facilities on the BSE and NSE websites. Investment advice is provided from the personal point of view of the research team.
Users can invest in SIPs and lump sums via banks supported by Netbanke. Stockbrokers can accept security margins from customers to pledge the custodian system (WEF). Write your bank account number and sign the IPO application form that authorizes your bank to pay in the event of an allotment.
Nirman Share Brokers Pvt. Ltd.
“NIRMAN HOUSE” 8, Zone - 1, M. P. Nagar, Bhopal - 462011.
CIN NO.- U67120MP2001PTC14523
GST NO. - 23AABCN3007C1ZB
All the clients are requested not to blindly follow these unfounded rumours, tips
etc. and invest after conducting appropriate analysis of respective companies. Prevent
Unauthorised transactions in your account. Update your mobile numbers/email IDs
with your stock broker/Depository participant. Receive information of your transactions directly from
Exchange/Depository on your mobile/email at the end of the day
KYC is one time exercise while dealing in securities markets - once KYC is done
through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need
not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing to IPO. Just write the bank
account number and sign in the application form to authorise your bank to make payment
in case of allotment. No worries for refund as the money remains in investor's account.
1.Stock broker/Depository participant can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
2.Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
3.Pay 20% upfront margin of the transaction value to trade in cash market segment.
4.Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
5.Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
.......... Issued in the interest of Investors
Nirman Share Brokers Pvt. Ltd. : SEBI Registration No.INZ000197638-BSE Cash/F&O/CD
MCX (Member ID 45395)
NSE Cash/F&O/CD (Member ID:12309)
CDSL (DP ID 12059500): IN-DP-CDSL-494-2008
COMPLIANCE OFFICER: Mr.Tushar Suryavanshi
E-mail : email@example.com
Tel : 0755-4311111