Trade Nivesh: Shares of YES BankNSE -0.09 % climbed 4 per cent in Thursday’s trade on the emergence of value buying on the counter following Tuesday’s steep 29 per cent slide.
The scrip had settled at Rs 168 on Tuesday, which was close to the target of Rs 165 set by Macquarie after double-downgrading the stock.
The stock exchanges were shut on Wednesday on account of Maharashtra Day.
The scrip closed 3.45 per higher at Rs 173.80 on BSE. The scrip rose even as analysts remain cautious on the lender’s outlook.
It is a stock which is now behaving more like an ADAG stock, said Sanjiv Bhasin of IIFL Securities.
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The scrip had settled at Rs 168 on Tuesday, which was close to the target of Rs 165 set by Macquarie after double-downgrading the stock.
The stock exchanges were shut on Wednesday on account of Maharashtra Day.
The scrip closed 3.45 per higher at Rs 173.80 on BSE. The scrip rose even as analysts remain cautious on the lender’s outlook.
It is a stock which is now behaving more like an ADAG stock, said Sanjiv Bhasin of IIFL Securities.
Get more updates and free trial visit now :- Trade Nivesh
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