Shares of this bank may see a big jump. If a person holds bank shares for 5 years, he can make huge profit. Technical analyst Prakash Gaba has said this. In response to a question, Gaba said that according to the bank's chart, the bottom out process is currently underway, but it is not clear when it will be completed.
The bank's shares closed at Rs 23.63 on the Bombay Stock Exchange on Tuesday. Prakash Gaba has said that the bank's shares should close above Rs 30 on the monthly timeframe for a breakout.
Gaba said that whenever this happens, this breakout above Rs 30 will take the bank's stock to Rs 100, but it may take 5 years. The bank's net interest income (NII) has seen an increase of 2 percent in the March 2024 quarter to Rs 2153 crore.
Yes Bank shares have increased by more than 44 percent in the last one year. Yes Bank shares were at Rs 16.40 on June 12, 2023. Shares of the private sector bank closed at Rs 23.63 on June 11, 2024. At the same time, in the last 6 months, Yes Bank shares have seen an increase of around 11 percent.
Yes Bank's 52-week high is Rs 32.81. At the same time, the bank shares hit a 52-week low of Rs 14.10. Kotak Institutional Equities has maintained a sell rating on Yes Bank shares after March quarter results. The brokerage house has given a target price of Rs 19 for the bank's stock.
Note: Do not invest in stock market without knowledge. Before investing in any shares you should talk to your financial advisor once. If you do not do so, you may suffer financial loss.
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