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UnknownUnicorn594594
Dec 26, 2019 6:33 AM

Buy Yes Bank 50.50/- With Targets of 120/-  Long

YES BANKNSE

Description

NSE:YESBANK Buy 50.50/- with Targets 120/-

Trade active

Comment

Holding current price 40/-
Comments
UnknownUnicorn594594
@hartej @inderbir @imkasif

1) bank’s asset quality has stabilised. This, despite significant exposure to ADAG, Essel Group
2) Yes Bank has got going for itself is an established network of 1,200 branches, its 400 billion retail book and well-entrenched corporate relationship. Yes Bank has more than stood by its corporate borrowers and it is only fair to assume that that goodwill kicks back once the bank is recapitalised. which may lead to spike towards 120/- . compare with peer's
3) Ravneet Gill has an unenviable task, having joined in March this year. a Deutsche Bank veteran.
4) if you check charts you will find its gets good support on Feb2011 Price : 46.70 ,Dec 2011 price : 47.75/- aug2013 price : 43.20/- , so you can consider this 43-47 area is good support.
5)Yes Bank has more than stood by its corporate borrowers and it is only fair to assume that that goodwill kicks back once the bank is recapitalised. Given that a banking licence still commands a premium in India, the list of suitors could range from newbie Indian bankers to sovereign funds to private equity.

last but not least i am using only 2% on yes bank , do your own research and use your money management skills
hartej
It is a pipe dream
inderbir
Any reason
imkasif
@inderbir, might be he has lots of yesbank stocks @75-80 thats the only reason i see
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