According to stock market experts, Yes Bank has strong support at ₹15 apiece levels and any dip around ₹15.50 to ₹16 per share should be seen as buying opportunity by positional investors as these banks might offload their entire shareholding in Yes Bank immediately after the end of lock-in period. They went on to add that Yes Bank share price may come under pressure due to stake cut speculation by these banks but positional investors should maintain stop loss at ₹15 and keep on accumulating on every big dip for medium term target of ₹20 to ₹22 per share levels. Speaking on Yes Bank share price outlook, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "SBI and other banks took position in Yes Bank to bail it out from the crisis. In last three years, Yes Bank’s financial condition has improved and there is long way for the bank to become a profit making bank. So, SBI , ICICI Bank, HDFC Bank , IDFC First Bank may not offload their entire stake at random. In fact, I am expecting them to wait for the Q4FY23 results of the Yes Bank. Only after that, they may take any decision […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
