Yes bank share price

Yes bank share price increased by 20% over the course of two sessions

Yes bank share price: Shares of Yes Bank increased by 20% over the course of two sessions; find out why. Detail of Yes Bank Share Price is given below

Yes Bank’s stock increased by almost 7% in trading today, reaching a two-year high of Rs 21.20 and gaining 19.7% over the previous two trading sessions.

Since Friday, when the bank gained RBI approval to raise new capital from Verventa Holdings and Carlyle Group, an affiliate of funds controlled by Advent International, the price of Yes Bank stock has increased.

Yes Bank said in July that the two international private equity firms would each invest a total of Rs 8,898 crore to acquire a 9.99% interest in the business.

According to a statement by Yes Bank to stock markets, the RBI gave “conditional permission to each Investor with regard to the proposed acquisition by each of them of up to 9.99% of paid up share capital of the Bank through subscribing to equity shares and share warrants of the Bank.”

Yes Bank got two more letters from the RBI granting authorization to complete the proposed capital increase, subject to a number of regulatory compliance requirements and limitations.

Yes Bank share price target

Positional investors should continue to “buy on dips” when it comes to Yes Bank shares, according to Sumeet Bagadia, Executive Director at Choice Broking “At a price of 18 per share, the Yes Bank shares broke out of their sideways trend, and in the short- and medium-term, they may rise as high as 24 and 28.

Yes bank share price
Yes bank share price

It is advised for stockholders who own Yes Bank to keep their trailing stop loss at 17 and to keep accumulating towards the 24 and 28 target prices.”

According to Choice Broking’s Sumeet Bagadia, for investors looking to purchase Yes Bank stocks, “Shares of Yes Bank have already greatly increased.

In order to buy Yes Bank shares for objectives of 24 and 28, one must wait for the profit booking trigger to appear and only do so after it has settled above 18 levels while strictly keeping a stop loss at 17 levels.”

Where are YES Bank shares headed after taking out Rs 21 level?

According to Osho Krishan of Angel One, YES Bank has made a strong rise over the last two trading sessions and has provided a long-awaited breakout over the Rs 19.50-20 zone.

In trading on Monday, YES Bank shares broke over the 21 level, which was viewed as an immediate obstacle for the company in the near term, to record a new 52-week high of Rs 21.20 per share.

Analysts predicted that Rs 24 would be the stock’s next objective, followed by Rs 30. They predict that the stock would find support between Rs 17.50 and 18.50.

According to Osho Krishan, Senior Analyst for Technical & Derivative Research at Angel One, YES Bank experienced a substantial increase over the previous two trading sessions and provided a long-awaited breach over the Rs 19.50-20 zone.

The 30-odd zone comes after the following resistance, which is situated around 24-odd levels, according to him.

The YES Bank stock, according to Pravesh Gour, Senior Technical Analyst at Swastika Investmart, has broken out of an inverse head and shoulder configuration.

He claimed that this came after a protracted period of consolidation and a Triangle breakout on a larger time frame.

The stock, according to Gour, has rallied in a V-shape after retesting its earlier breakthrough level.

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