stock market today After a sharp jump in the last three sessions, Yes Bank shares have put an end to morning deals in Wednesday’s session. Yes Bank share price today opened with an upside gap but soon profit-booking started and the stock started falling from its intraday high. 17.50 each level, bus 0.40 from its 52-week high In Tuesday’s session, it climbed to the level of 17.90.
According to stock market experts, the shares of Yes Bank have broken the highest level of last 52 weeks. 16.25 Each level and above is capable of maintaining 16.25 each level. He said the stock has a strong support zone 15 at each level and it is a news-based stock with better fundamentals. Experts say that traders with high risk can bet on this dip keeping the stop loss around 14.70 each level for short to medium term goals of 19 more 22.
Speaking on the fundamentals of Yes Bank sharesSaurabh Jain, Vice President – Research at SMC Global Securities said, “From a fundamental point of view, Yes Bank has reported better numbers and the market is buzzing with speculations about new appointments. We saw in terms of investments from Carlyle and Advent International, then Yes Bank shares may skyrocket as we saw in the last two to three sessions. However, it is still not a positional stock and a high risk trader Keeping a strict stop loss can bet on this banking stock as the stock has a record of taking both sides on the same trigger over the years.
With regard to Yes Bank shares, Ravi Singhal, CEO, GCL Securities said, “Yes Bank shares have managed to break their last 52-week high. 16.25 And now it remains above this number. Hence, on the chart pattern, it has taken strong support at Any rebound from 15 and current levels could move the stock towards from 18 19 level in the short term. Hence, high risk traders can place a bet on this banking stock with a tight stop loss near for an immediate target of 14.70 19.”
Ravi Singhal of GCL Securities said if the stock stays up 17.90 level, its current 52-week high in the near future, then it could go up The interest rate on the Reserve Bank of India (RBI) is helping Indian banks, including Yes Bank, improve their NIM (net interest margin) at 22 levels in the short to medium term.
Yes Bank Share Price History
In about a month’s time, Yes Bank share price is witnessing a sharp jump on fund raising through investments from Carlyle and Advent International. Shares of Yes Bank have gained over 11 per cent in the last one week while it has gained over 30 per cent in the last one month.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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