Yes bank updates
News for Yes Bank
Yes bank will touch 100?
Again this share are in news after the F.P.O hype, people are eager for news L.I.C buying stake
People are willing to buy its share because they have seen its previous high. In stock market investing cannot be done like this, a promoter who malfunctions the company, why people are willing to put their wealth in it .its a pure gambling there are other quality stocks which can look after people are seeing buying opportunity as L.I.C purchase stake in it, L.I.C also purchase i.d.b.i bank at somewhat 60 rs but it is trading around 40rs to 45rs range
Don’t compare this stock (yes bank)with Alok industry or Ruchi soya their share holding was restructured totally .
Retail investor are only at loss that time new promoter enjoy benefits as share holdings restructured completely.
These companies are like traps for innocent retail investor,though its share holding is not restructured
but many small investor are getting attracted toward it, and try to find value in it because of it low price
Why don’t people learn if a company is asking for you money how can he give you money (f.p.o)
story will be different if yes bank merged with some other banks, but asking additional capital of 15000 c.r through F.P.O and L.I.C buying stake doesn't proves that every thing is alright. these are additional support given to bank to save it. but finding value in it doesn't seems up to mark.
Updates as on 24/8/2020
Yes bank analysis
Updates on 18/8/20
Updates as on 7 /8/20
yes bank nse: current price is rs 14.25
After many question I make a analysis if you are eager to buy yes bank.
If it sustains above Rs 14.75 than next it can reach 20 Rs
After words rs 25 will be next target.
But in my opinion stock like this spend 1 to 2 years like this in trading zone means it not shoot to 100 it will hovers rs 25 to rs 28 for months if it sustain above rs 20.