Yes Bank Share Price | Important signals on Yes Bank technical charts, stock rating update, stock should be BUY – NSE: YESBANK
Yes Bank Share Price | Yes Bank after announcing second quarter results (NSE: YESBANK) The stock fell again. On Wednesday, October 30, the stock was trading at Rs 20.65, down 0.39 per cent. However, stock market benchmark BSE Sensex rose 7.33% in the same period. (Excerpt from Yes Bank Limited)
second quarter results
Yes Bank Ltd reported 145 per cent rise in net profit for Q2FY25 at Rs 553 crore from Rs 225.21 crore in the year-ago period. Yes Bank Limited's net interest income increased by 14.3 per cent year-on-year to Rs 2,200 crore. According to the data, the net debt of Yes Bank increased by 12.4 percent to Rs 2,35,117 crore. On Thursday (31 October 2024), the stock was trading at Rs 20.5, down 0.92%. Yes Bank's results were positive, but considering the pressure and financial condition of banks, the stock is in a long merger phase. Kranti Bathini, director of equity strategy at Wealthmills Securities, said the news of delay in share sale has also impacted investor sentiment.
This bank shares received a HOLD rating
Investors holding Yes Bank shares can keep the shares. Experts have also advised not to buy shares at present. Some media organizations have claimed that they are not in favor of selling majority stake in Yes Bank to any foreign institution.
This bank technical chart
Some technical experts of the stock market have advised against buying shares at the current levels. Yes Bank Limited shares are in recovery phase for the last three months. Yes Bank shares fell below the important support price of Rs 21. Yes Bank shares are under pressure tomorrow and the stock may return to normalcy only after crossing the immediate resistance zone placed at Rs 22. Apart from this, the stock is likely to get some support in the range of Rs 19-18.5.
Anand Rathi Brokerage Firm
According to Anand Rathi brokerage firm, Yes Bank share has support at Rs 19 and resistance at Rs 21.5. If Yes Bank shares take a decisive move above Rs 21.5, it can go up to Rs 24. Short term trading will be between Rs 18 to Rs 24.
How much return did the stock give?
The stock has declined 21.03% in the last 6 months. The stock has given 29.47% returns in the last 1 year. The stock has declined 68.99% in the last 5 years. The stock is down 8.83% on a YTD basis.
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