Sell ​​hold or buy Yes Bank shares Experts gave this advice to investors

Yes Bank Share: Yes Bank shares are under a lot of pressure after hitting a 52-week high of Rs 24.75 in December. The bank’s shares again declined after the December quarter results. But on Wednesday once again there was a boom in this banking stock. In such a situation, the question is arising in the minds of the investors that whether this boom in the shares of Yes Bank will continue or not… Let us know what is the opinion of the experts…

Girish Sodani, associated with Swastik Investmart, says, “The second half of FY 2022-23 has been great for the shareholders of public sector banks. Due to asset quality and record growth, the shares of PSU banks have seen a boom. Yes Bank shares have gained 24 percent in the last one year. Improvement has been seen in Yes Bank ever since the command of its management has come to the State Bank of India. Apart from this, Yes Bank has also got the benefit of the Finance Minister’s new arrangement for the management of bad loans.

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Regarding the performance of Yes Bank shares, Girish says, “Yes Bank shares may remain under pressure till March 2023. Because in March 2023, the lock-in period of big investors like Axis Bank, IDFC Bank is ending. In such a situation, this stock can be a victim of profit booking. On Thursday morning at 10.33, the BSE was trading at Rs 16.90, down 1.17 per cent.

Vishal Parekh, Vice President, Prabhudas Lilladher says, “Yes Bank’s stock has once again been successful in reaching Rs 16.20 level. Due to this boom, the shares of the bank can bounce bank. The short term target price is Rs 18.50. While it can also go in the range of 21 to 22 rupees. The support price of Yes Bank has been fixed at Rs 15.50 to Rs 20.

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