Trade Nivesh Private sector Yes Bank shares slipped to their low levels of a decade just a few days ago. But, recovering from this level, this bank has doubled the money of investors. This bank is constantly in the process of raising money.
Analysts believe that the future of this stock depends on when and how much money the bank is able to raise. On October 1, Yes Bank's stock slipped to a low of Rs 29.05. However, on Thursday, the stock reached the level of Rs 58.20.
Gaurav Dua, Senior Vice President, Sharekhan said, "The selling pressure in this stock has come down. The future of this bank will depend on how much new equity capital it is able to raise at a reasonable price. This will help the bank grow." . "
Ajay Bodke, PMS CEO of Prabhudas Lilladhar said, "In the medium term, the direction of the stock will depend on how successful the bank management is in raising sufficient capital. The bank is continuously increasing the provision of subordinated debt, which puts pressure on the corporate book Is growing. "
According to Bodke, the delay in raising capital from the bank management will also increase the pressure. On October 3, Yes Bank CEO Ravneet Gill said that he expected the bank to raise $ 1.2 billion in capital soon. Gill talked about connecting private equity investors, tech companies and other investors.
Yes Bank had a huge loss in the March quarter. The bank had prepared thick provisions in lieu of submerged debt. This bank started cleaning up the loans given to an infrastructure company and Jet Airways. Ravneet Gill took this step after becoming CEO
Earlier, from FY 2008 to 2018, Yes Bank's profit had increased at an annual rate of 35 per cent. Yes Bank's net profit was down 91 per cent to Rs 113.80 crore in the June quarter. Retail investors are showing interest in this bank continuously. Institutional investors are considering withdrawals as appropriate.
Gaurav Dua, Senior Vice President, Sharekhan said, "The selling pressure in this stock has come down. The future of this bank will depend on how much new equity capital it is able to raise at a reasonable price. This will help the bank grow." . "
Ajay Bodke, PMS CEO of Prabhudas Lilladhar said, "In the medium term, the direction of the stock will depend on how successful the bank management is in raising sufficient capital. The bank is continuously increasing the provision of subordinated debt, which puts pressure on the corporate book Is growing. "
According to Bodke, the delay in raising capital from the bank management will also increase the pressure. On October 3, Yes Bank CEO Ravneet Gill said that he expected the bank to raise $ 1.2 billion in capital soon. Gill talked about connecting private equity investors, tech companies and other investors.
Yes Bank had a huge loss in the March quarter. The bank had prepared thick provisions in lieu of submerged debt. This bank started cleaning up the loans given to an infrastructure company and Jet Airways. Ravneet Gill took this step after becoming CEO
Earlier, from FY 2008 to 2018, Yes Bank's profit had increased at an annual rate of 35 per cent. Yes Bank's net profit was down 91 per cent to Rs 113.80 crore in the June quarter. Retail investors are showing interest in this bank continuously. Institutional investors are considering withdrawals as appropriate.
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