Trade Nivesh 7.56 lakh new retail investors have bought Yes Bank shares in the last one year. Out of this, a third of investors have invested in shares of Yes Bank in September. This shows that investor confidence in this private bank is maintained. He is hopeful that the management of the bank will be able to raise funds, which will lead to excellent growth again.
Chakri Lokpriya, chief investment officer of TCG Asset Management Company, said, "Yes Bank can easily raise money if the price is right. Talking about valuation, the stock is trading at 0.6 to 0.7 times its book value, which Quite attractive. "
According to ET reports, the names of three global private equity (PE) firms are being discussed to buy a stake in this bank. The conversation about this is moving forward. One or more of these firms can buy a large stake in the bank.
Yes Bank shares are trading below 1 level in PB ratio. The stock had jumped over 15 per cent on Thursday. This share of Rs 2,000 crore was traded on the Nifty. This was followed by Reliance Industries, which had a turnover of Rs 1,000 crore.
Due to the addition of new retail investors, Yes Bank has a total of 13.8 lakh investors in this category. This number is higher than the retail investors of Indian companies such as Larsen & Toubro, Infosys, ITC, ICICI Bank, Tata Consultancy Services and HDFC Bank JC.
At present, Yes Bank is at number five in terms of retail share. The first number is Reliance Power, which has 30.81 lakh retail investors. In the year 2008, the IPO of this company of Anil Ambani set a record for getting bids of Rs 7 lakh crore.
Reliance Industries, which achieved a record market cap of Rs 9 lakh crore on Friday, the country's largest state-owned bank, State Bank of India (SBI) and Anil Ambani's Reliance Communications are also ahead of Yes Bank in terms of number of retail investors.
In the September quarter, retail investors bought 26.4 million shares of Yes Bank, while single rich investors bought 2.53 crore shares. These two categories bought a total of 29 crore shares in the September quarter. Mutual funds also increased their stake in Yes Bank from 6.59 per cent to 9.26 per cent.
Foreign portfolio investors must reduce their stake in this bank. Analysts believe that the pressure on this bank's shares may continue. Yes Bank may take up to two years to reach its normal level.
Saurabh Kumar, analyst at global brokerage firm JP Morgan, said in a note to clients, "The pressure on midcap companies and Yes Bank is going to continue. The valuation of the stock will remain attractive in the medium term.
Chakri Lokpriya, chief investment officer of TCG Asset Management Company, said, "Yes Bank can easily raise money if the price is right. Talking about valuation, the stock is trading at 0.6 to 0.7 times its book value, which Quite attractive. "
According to ET reports, the names of three global private equity (PE) firms are being discussed to buy a stake in this bank. The conversation about this is moving forward. One or more of these firms can buy a large stake in the bank.
Yes Bank shares are trading below 1 level in PB ratio. The stock had jumped over 15 per cent on Thursday. This share of Rs 2,000 crore was traded on the Nifty. This was followed by Reliance Industries, which had a turnover of Rs 1,000 crore.
Due to the addition of new retail investors, Yes Bank has a total of 13.8 lakh investors in this category. This number is higher than the retail investors of Indian companies such as Larsen & Toubro, Infosys, ITC, ICICI Bank, Tata Consultancy Services and HDFC Bank JC.
At present, Yes Bank is at number five in terms of retail share. The first number is Reliance Power, which has 30.81 lakh retail investors. In the year 2008, the IPO of this company of Anil Ambani set a record for getting bids of Rs 7 lakh crore.
Reliance Industries, which achieved a record market cap of Rs 9 lakh crore on Friday, the country's largest state-owned bank, State Bank of India (SBI) and Anil Ambani's Reliance Communications are also ahead of Yes Bank in terms of number of retail investors.
In the September quarter, retail investors bought 26.4 million shares of Yes Bank, while single rich investors bought 2.53 crore shares. These two categories bought a total of 29 crore shares in the September quarter. Mutual funds also increased their stake in Yes Bank from 6.59 per cent to 9.26 per cent.
Foreign portfolio investors must reduce their stake in this bank. Analysts believe that the pressure on this bank's shares may continue. Yes Bank may take up to two years to reach its normal level.
Saurabh Kumar, analyst at global brokerage firm JP Morgan, said in a note to clients, "The pressure on midcap companies and Yes Bank is going to continue. The valuation of the stock will remain attractive in the medium term.
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