YES Bank - View for Long Term

#2
Thanks for the post.

Yes Bank fell 56% (from 36.XX to 16.XX) on the announcement by RBI limiting withdrawals to 50K.

Next few trading sessions, it rose by 77%, 45%, 58% to reach a peak of 60.XX.

After that, for 9 consecutive sessions it declined and was at 22.XX before rising 6% yesterday.

I think, the current prices reflects the "shocks" received over last few weeks by RBI, ED etc as well as the "support" from SBI, ICICI, HDFC etc.

The roller coaster ride is over, and it is more or less the bottom price.
 
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