Bullish on Yesbank

primitivetrader

Well-Known Member
#2
tht depends on you holding time frame. mostly good stocks will go up in long term so if you think its a good stock you can buy and wait for couple of years to get handsome returns.
from chart perceptive, weekly it has be distributed in last one year, today mark down has happened with significant break of support (fall through the ice). further weakness may happen so from swing short on bounce back.
 
#5
These are Brokerage views for Yesbank as of now

Brokerage: IDFC Securities | Rating: Underperform | Target: Rs 270
Brokerage: Citi | Rating: Sell | Target: Rs 270
Brokerage: Goldman Sachs | Rating: Neutral | Target: Rs 300
Brokerage: Nomura | Rating: Neutral | Target: Rs 345
 
#6
I personally prefer YES Bank due to below-mentioned reasons.

1. Previous History & NPA :
NPA =1.31% ( under control )
Past performance is reasonable enough compared to other banks.
(* Even after this 30% Correction)

yes1.png



2. Future Potential:
The best thing I like about yes bank is, its focus on FINTECH Services.
yes2.png


Article: https://inc42.com/buzz/with-initiat...s-making-the-workforce-in-india-future-ready/

yes3'.png


Article " https://yourstory.com/2018/07/yes-bank-expands-scope-fintech-accelerator-include-agritech-cleantech/


---- Conclusion:
I prefer to BUY Yes Bank at current price 226/- & valuation (53,000cr market cap) with a hope that it will do something good with fintech ideas.
 

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