Yes Bank shares continued Friday’s gains in Monday morning trading and hit as high as Rupees 18.60 per share in NSE minutes after the market open today.
Yes Bank shares rose 11% in two consecutive sessions after reaching Rupees 18.60 per share. Yes Bank shares closed at Rs 16.80 on Thursday.
As for why Yes Bank’s share price has increased for two consecutive trading days.
Profitmart Head of Market Research Avinash Gorakshkar said: “Yes, the Bank’s share price has been at this level for almost two years after some media reports.
Chanda and JC Paj ARC concluded on Friday. Payback competition has escalated the last two times.
Reports said that Yes Bank’s restructuring arm has reduced financing by 75%, and now Subhash Chandra will pay 1,500 crore instead of Rs 6,500. However, Rs 1,500 crore will be paid in One go.
Yes Bank share price target
After closing above Rupees 18.60 per share, it is expected to rise to Rupees 22 and Rupees 24 per share in the near term.
However, while waiting for the near-term targets, the stops should be kept at 16.50 rupees per person.
“New investors are advised to wait for the announcement,” said Avinash Gorakshkar of Profitmart Securities. Stock may fall at the same time.
ZEEL share price in focus
“Avinash Gorakshkar said this change is very important for the merger of ZEE and Sony, as it will pave the way for the merger of Zee and Sony.
Provides important information to investors on On ZEEL’s recommendations, Option Broking’s Sumeet Bagadia said:
“ZEEL’s share price will see rise once it rises above Rs 270.
Therefore, those who have ZEEL shares in their portfolio are advised to hold the stock with a stop.” Loss of Rs 250 per share for vision brand target of Rs 290-300 per share. “
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