Yes Bank Ltd (NSE: YESBANK) Shares: The share of the private bank Yes Bank Limited fell by 1 percent to Rs 23.62 the previous Friday.
At the current price, the stock has fallen by 8 percent during the past month, and by 27 percent since its 52-week high price of Rs 32.81 which was reported on the 9th of February this year.
Yes Bank’s stock has increased 40 percent over the past year, however, it has also fallen by 65 percent over the last five years.
The same period in 2018, when the value of stock reached 393 rupees. This means that the stock has been down by more than 93 percent this price to date.
What Is The Opinion Of The Brokerage?
Analysts from the stock market have said that the stock may fall to a range of Rs 19 to around Rs 20.
Analysts from Kotak Institutional Equities have advised “sell” on the Yes Bank stock and have placed it at a fair price of 19 rupees.
In the same vein, the founder as well as MD of research company Equinomics Research said that they are of a “sell” perspective regarding the shares.
There are numerous challenges facing the banking sector that could be a cause for concern, including the low rate of credit growth as well as the need to decrease the credit-deposit ratio, competition in the banking industry in the market for CASA (low-cost savings) as well as a weak overall growth of deposits in the business.
Only high-risk investors should look into investing in this stock. Investors already holding these shares may keep their positions.
A Senior Research Analyst (Technical and derivatives) said that Yes Bank has been trading within a range of 5 to 7 points over the last few months, without a discernible trend forming.
The stock is currently close to the lower part of the range of consolidation.
In such a scenario the price of Rs 22 could be considered as a support level, while 27-28 is a difficult range for the market for the period.
The stock is rated “sell” rating, to be below twenty rupees.
June Quarter Results
In June (Q1 FY25) the bank’s NIM decreased to 2.4 percent, down from 2.5 percent in the previous period.
However, the net profit of YES Bank was up 46.7 percent to Rs 502 crore in Q1 FY25 compared to Rs 343 crore during the previous quarter.
Quick Fact
| Company name | Yes Bank |
|---|---|
| Stock Price Last Friday | ₹23.66 |
| Stock Price Last Month | Down 10.75% |
| Stock Price Last Year | Up 40.83% |
| Stock Price Last 5 Years | Down 60.53% |
| Stock Price 2018 | ₹393 |
| All-Time Stock Fall | Down 93% |
| Analysts’ Opinion | Sell |
| Possible Fair Price by Kotak Institutional Equities | ₹19 |
| Support Level | ₹22 |
| Difficult Range | ₹27-₹28 |
| NIM in June Quarter | 2% |
| NIM in Previous Quarter | 3% |
| Net Profit in June Quarter | ₹502 Crore |
| Net Profit in Previous Quarter | ₹343 Crore |
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