There may be a big rise in the shares of Yes Bank. If a person holds Yes Bank shares for 5 years, he can make huge profits. Technical analyst Prakash Gaba has said this. In response to a question on CNBC Awaaz, Gaba said that according to the chart of Yes Bank, the bottom out process is currently going on, but it is not clear when it will be completed.
waiting for breakout
Yes Bank shares closed at Rs 23.63 on the Bombay Stock Exchange on Tuesday. Prakash Gaba has said that for a breakout, Yes Bank shares should close above Rs 30 on the monthly timeframe. “Whenever this happens, this breakout above Rs 30 will take Yes Bank shares to Rs 100, but it may take 5 years,” Gaba said. Yes Bank’s Net Interest Income (NII) has seen a growth of 2% in the March 2024 quarter and has reached Rs 2153 crore.
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Bank shares have risen 44% in 1 year
Yes Bank shares have risen by more than 44% in the last one year. Yes Bank shares were at Rs 16.40 on June 12, 2023. Shares of the private sector bank closed at Rs 23.63 on June 11, 2024. At the same time, in the last 6 months, Yes Bank shares have seen a rise of around 11%. The 52-week high level of Yes Bank shares is Rs 32.81. At the same time, the 52-week low level of bank shares is Rs 14.10. Kotak Institutional Equities has maintained a sell rating on Yes Bank shares after the March quarter results. The brokerage house has given a target price of Rs 19 for the bank’s shares.
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