Is Yes Bank a good buy in 2024?
According to stock market experts, Yes Bank shares have been under the sell-off heat after touching a new 52-week high of ₹32.85 apiece on 9th February 2024. They advised positional investors to maintain a 'buy on dips' strategy despite a retracement of over 20 percent in Yes Bank share price from this 52-week high.
What will be the share price of YES Bank in 2024?
Yes Bank stock price went down today, 04 Apr 2024, by -1.65 %. The stock closed at 25.4 per share. The stock is currently trading at 24.98 per share.
What is the target price of YES Bank?
For now, the broking firm has retained its target price of Rs 16.50 on YES Bank shares, keeping its neutral rating intact. "We expect YES Bank to deliver RoA of 0.5 per cent/0.8 per cent and RoE of 4.5 per cent/7.5 per cent in FY25F/FY26F.
Is YES Bank a good investment?
The YES Bank stock is up 18.37 per cent year-to-date. It has gained 63.41 per cent in the last one year. On private banks, Goldman Sachs said that most of the large and mid-sized private banks are trading at a close valuation band and that a visibility on loan growth, PPOP-ROA and credit quality will play a key role.
What is the future of Yes Bank share?
Future Growth
Yes Bank is forecast to grow earnings and revenue by 42.4% and 22.3% per annum respectively. EPS is expected to grow by 50.1% per annum. Return on equity is forecast to be 9.5% in 3 years.
Is it good to buy Yes Bank shares for long term?
I strongly believe that Yes Bank share is strong from both technical and fundamental perspective. For long term, Yes Bank shares may touch ₹40 apiece levels in next two to three years. However, even if the current bounce is a dead cat bounce, Yes Bank shares are likely to touch ₹25 per share levels in short term."
Should we invest in Yes Bank for long term?
Yes you can buy yes bank shares for long term. If you invest for long term it will give you best returns for sure.
Why is Yes Bank stock so low?
Separately, Goldman Sachs said the YES Bank's fundamentals have been under pressure due to subdued margin profile and a bottoming of credit cost improvements, which may lead to a low return on asset (RoA) of 0.3 per cent in FY24 (2023-24). The global investment firm has given a downward target of Rs 16 on the counter.
Who is buying Yes Bank shares?
Carlyle Group has sold equity stake worth ₹1,056 crore in Yes Bank through open market transaction. Carlyle Group sold 1.35 per cent stake at an average price of ₹27.10 per share. Of the 390,000,000 shares sold in the open market, Morgan Stanley Asia acquired 306,305,668 shares in Yes Bank for ₹830.08 crore.
Is Yes Bank stock overvalued?
Compared to the current market price of 24.55 INR, Yes Bank Ltd is Overvalued by 9%.
Is it safe to keep money in Yes Bank?
Don't panic- Your deposits are insured
The Deposit Insurance and Credit Guarantee Corporation (DICGC), which is an RBI subsidiary, insures your deposits with all commercial and cooperative banks. In case a bank collapses, the DICGC steps in to compensate your losses.
What is the risk of Yes Bank?
Analysts have cautioned that private lender Yes Bank's high reliance on bulk deposits continues to be a risk despite its efforts to ramp up retail deposits. At around 40 percent of bulk deposits, the cost of funds remains high, analysts said.
Which bank owns Yes Bank?
SBI initially acquired 49 per cent stake in YES Bank. It held 26.14 per cent stake in the bank, as of December 31, 2022.
What is the fair value of Yes Bank share?
As of 2024-04-03, the Fair Value of Yes Bank Ltd (YESBANK. NS) is 1.78 INR. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 25.4 INR, the upside of Yes Bank Ltd is -93%.
Can we buy Yes Bank shares?
How can I buy Yes Bank Ltd share? You can buy Yes Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Yes Bank Ltd Share.
Can Yes Bank share reach $100?
When will Yes Bank shares reach 100? - Quora. Definitely not in the near future. Yes Bank is not totally out of the woods. If you look at the chart of Yes Bank, it still looks weak on the weekly chart and it is trading sideways for a quite a long time.
Is HDFC acquiring Yes Bank?
Synopsis. Yes Bank shares jump over 11% after RBI approves HDFC Bank's acquisition of up to 9.50% of Yes Bank's share capital or voting rights. HDFC Bank must acquire major shareholding within 1 year. HDFC Bank's aggregate holding in Yes Bank should not exceed 9.50% at all times.
Will HDFC take over Yes Bank?
The Reserve Bank of India has granted approval to HDFC Bank for the acquisition of an aggregate holding of up to 9.50% of the paid-up share capital or voting rights of Yes Bank.
Is Yes Bank a multibagger?
YES Bank has turned multibagger from its 52-week low of Rs 14.10, hit in October 2023. The stock has surged about 34 per cent in the last two trading sessions and is up 80 per cent in the last six-months period.
How many total shares of Yes Bank are there?
Number of shares outstanding as of March 2024 : 30,323,750,000. According to Yes Bank 's latest financial reports and stock price the company's current number of shares outstanding is 30,323,750,000. At the end of 2023 the company had 30,323,750,000 shares outstanding.
Why is the Yes Bank rising?
YES Bank reported robust growth in profit for the quarter ended December 2023, with the bottom line surging more than four times year-on-year (YoY) to Rs 231 crore. Net interest income, the difference between interest earned and interest expended, rose 2.4% YoY to Rs 2,017 crore.
What is the value of Yes Bank IPO?
15000.00 crores by way of a fresh issue (The Offer).
Can I sell all my Yes Bank shares?
If you hold less than 100 shares, you will be able to freely sell all the shares that you're holding. What this means is that if you held 100 shares, 75 shares are locked for 3 years, but if you held 99 shares no shares are locked.
How many customers does Yes Bank have?
It seems retail investors have placed more faith in Yes Bank than depositors? Today, we have the distinction of having more than 5 million retail investors. We have 6.5 million customers.
Did Carlyle buy stake in Yes Bank?
In December 2022, Carlyle Group had picked up 9.99 percent equity stake in Yes Bank at Rs 13.78.
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