yes bank stock update

YES Bank shares jump 32% in 1 week. What should traders do?

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YES Bank shares jump 32% in 1 week. What should traders do?

YES Bank shares jumped 32% in the week to witness a breakout with strong volumes, indicating a significant base formation on the technical chart. “The support for the stock is established at Rs 27, and any pullbacks towards this support level present an opportunity to initiate fresh long positions. Sustaining above the support at Rs … Read more

YES Bank Q1 Preview: Soft quarter expected on weak underlying business; PAT may fall up to 9%

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YES Bank Q1 Preview: Soft quarter expected on weak underlying business; PAT may fall up to 9%

Private lender YES Bank is expected to report soft numbers for the first quarter ended June, reflecting weak underlying business growth. While the net interest income (NII) is seen growing in mid single-digits year-on-year, it is likely to decline on a sequential basis with weak loan growth. Kotak Institutional Equities is estimating 6% YoY rise … Read more