Yes Bank Share Price | Important update on Yes Bank, advice from experts, BUY or SELL shares – NSE: YESBANK
Yes Bank Share Price | Yes Bank has been one of the most favorite companies in the stock market for the last few months. Yes Bank shares were one of the largest shareholders (NSE: YESBANK)However, data shows that Yes Bank's numbers have declined significantly in the September quarter. There has been a decline of about 54,000 in Yes Bank's Yes shareholders. (This Bank Excerpt)
Yes Bank's shareholding has decreased in the second quarter, but it is the largest shareholder in the country with about 6.1 crore investors. On Friday, October 25, the stock was trading at Rs 19.50, down 2.60 per cent. The total market cap of the bank is Rs 60,781 crore. On Monday (28 October 2024), the stock was trading at Rs 20.8, up 7.32%.
What did the expert say?
Stock market experts believe that most retail investors invest in underperforming stocks in the name of earning short term profits. However, such shares do not last long and disappoint investors. The same investors sell shares to avoid further losses. Since then many investors expect higher profits by buying back these shares because they are available cheaply.
Samco Securities Brokerage Firm
Apoorva Seth, expert of Samco Securities brokerage firm, said that stock market investors prefer low priced stocks like Yes Bank, Vodafone Idea, Reliance Power and Suzlon. This is because they feel that these stocks can give double returns quickly. But such investments are often risky.
How much return did the stock give?
Yes Bank shares fell 24.86% in the last six months. The stock has given 21.88% returns in the last 1 year. The stock has declined 62.61% in the last five years. The stock is down 13.91% on a YTD basis. The stock has given 57.64% returns to long term investors.
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