yes bank share price, made a roaring profit in a month, now shares are selling heavily due to a news; What should you do – yes bank share price down 5 percent Morgan Stanley gives an underweight rating
Yes Bank shares have returned more than 30 percent in the past one month amid market volatility. But now analysts and fund managers seem a bit cautious about the stock. According to experts, two things should be kept in mind before investing in Yes Bank shares. The first is that the 3-year lock-in period on 75 percent shares of Yes Bank will end in March 2023. After this, investors start selling shares rapidly to get out. Recently we have seen several instances in the market where the shares of various companies fell after the lock-in period ended.
rating other reasons
Apart from this, another reason to sell shares is that Morgan Stanley has started coverage of Yes Bank and the financial advisory firm has given it an underweight rating. The company assigned a target price of Rs 20.50 on the stock. He said the return on assets (ROA) of its shares is not more than one percent.
IPO turned out to be a super flop, now the company is in the mood for share buyback, investors’ fortunes will change!
Change in target price is possible
Morgan Stanley’s Sumit Kariwala wrote in his report that “bank loan growth could be up to 20 percent and margins could expand by 30 basis points. According to Morgan Stanley, the target price in a bull market is 34 if the market continues to be bullish and stronger-than-expected economic growth and competition eases somewhat. shift to Rs 50. On the other hand, if the market continues to bear profit, the target price of the stock may fall to Rs 11.
A share of Rs 400 is being sold at Rs 21; Buying waves in the stock market
YES BANK SHARES
Yes Bank shares fell sharply. Earlier, the stock had seen huge gains in the last five trading sessions. The stock has risen nearly 37 percent in the past five days. However, there is a bigger reason behind the heavy sell-off in Yes Bank shares on Wednesday. Actually, the bank made the decision on Tuesday so shares are down today.
Bank decision
Yes Bank on Tuesday said its board has approved the allotment of 361.61 crore equity shares and 255.97 crore warrants to private equity firms Carlyle Group and Advent International. This decision has been taken after the approval of RBI.
