Losses rose on deterioration of asset quality faced due to the COVID-19 pandemic which forced the bank to set aside money for potential loan losses. Share of YES Bank lost 13.40% to Rs 12.60 against previous close of Rs 14.55 on BSE. Market cap of the lender fell to Rs 34,826 crore.
Yes Bank’s share price has nearly halved in the past one year, but analysts don’t recommend investors to ‘buy. ‘ Even at ₹13.55 per share, there’s a chance that the stock is overvalued.
|Bank||Change in share price from 6 March 2020 to 6 May 2021|
Is Yes Bank safe now?
Yes Bank depositors’ money is absolutely safe: RBI governor Shaktikanta Das.
Can we invest in Yes Bank?
Emkay Global has a sell rating on the stock of Yes Bank. In fact, the firm sees a solid 25% downside risk on the stock of Yes Bank. It believes the stock could slide to levels of as low as Rs 10, from the current levels of Rs 13, which means a fall of 24.8%, which can be huge.
Will Yes Bank survive 2021?
Yes Bank on Tuesday revised its growth estimate for India for the financial year 2021-22 to 8.5 per cent. Its previous projection was 10.5 per cent. “While all indications pointed to a stable recovery process before the 2nd wave struck, this is now likely to be pushed back to an extent.
Stocks to Buy Today: Best Shares to Buy in India
|Power Grid Corpn||187.70||190|
Does Yes Bank have any future?
With current financial position, if the Yes Bank is able to trade and sustain around Rs 20/25 range in the near future, then it will be a milestone for the stock.
What is the position of Yes Bank?
2 Private Sector Bank.