I do receive many queries related to stocks but it is not possible always to write about the all.
Today we will discuss Yes Bank stock, as this is the stock where major up down has occured and major talks and curiosity is going on.
Today Yes bank made high of 185.90 and low of 174.75 and closed at 181.30
Currently there are 3 issues connected with Yes bank
1. Mr.Rana Kapoor was removed from CEO postion of the Yes bank by RBI and now new CEO is to be appointed before January 2019. But there is uncertainty over who will be the next CEO, but according to me this should not be seen as negative factor because new person coming in can be more competitive than Rana Kapoor. You can take example of ICICI bank and its results.
2. Yes bank has a ₹2,600 crore exposure to Infrastructure Leasing and Financial Services Ltd (IL&FS). This can be treated as negative for the bank and stock has already fallen down for this reason.
3. Q2 results - Yes Bank has not made adequate provisioning. Its provision coverage ratio dropped to 47.8% from 55.3% in the previous quarter.
The management said that of the total slippages, exposure of ₹631 crore is likely to be upgraded as it expects prepayments.
Beyond the asset quality, the bank’s core performance remained robust. Its margins remained intact and its core income grew at a healthy 28.2%.
Now read my last post about big players, in point number 2, I have explained that big players had bought Yes Bank stock at around Rs.169 on 26th Oct at 9.00 am
This means in near future this stock can not go below Rs.169, unless and until there is some big negative news.
So one can start accumulating Yes Bank stock on dips and around this price ( it is difficult to even get this stock at this price) or little higher price for positional trade.
As per my prediction, this stock can reach Rs.200 approx in few months time
The above is my view and I can be wrong.
Please give your feedback in comment section
Watch the chart of the YES BANK, it may form double bottom
Today we will discuss Yes Bank stock, as this is the stock where major up down has occured and major talks and curiosity is going on.
Today Yes bank made high of 185.90 and low of 174.75 and closed at 181.30
Currently there are 3 issues connected with Yes bank
1. Mr.Rana Kapoor was removed from CEO postion of the Yes bank by RBI and now new CEO is to be appointed before January 2019. But there is uncertainty over who will be the next CEO, but according to me this should not be seen as negative factor because new person coming in can be more competitive than Rana Kapoor. You can take example of ICICI bank and its results.
2. Yes bank has a ₹2,600 crore exposure to Infrastructure Leasing and Financial Services Ltd (IL&FS). This can be treated as negative for the bank and stock has already fallen down for this reason.
3. Q2 results - Yes Bank has not made adequate provisioning. Its provision coverage ratio dropped to 47.8% from 55.3% in the previous quarter.
The management said that of the total slippages, exposure of ₹631 crore is likely to be upgraded as it expects prepayments.
Beyond the asset quality, the bank’s core performance remained robust. Its margins remained intact and its core income grew at a healthy 28.2%.
Now read my last post about big players, in point number 2, I have explained that big players had bought Yes Bank stock at around Rs.169 on 26th Oct at 9.00 am
This means in near future this stock can not go below Rs.169, unless and until there is some big negative news.
So one can start accumulating Yes Bank stock on dips and around this price ( it is difficult to even get this stock at this price) or little higher price for positional trade.
As per my prediction, this stock can reach Rs.200 approx in few months time
The above is my view and I can be wrong.
Please give your feedback in comment section
Watch the chart of the YES BANK, it may form double bottom
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