Yes Bank share price declined over 15% in YTD. Save or Exit?

According to stock market experts, this fall in Yes Bank shares is short-lived as the banking major is expected to recover from its lower levels. He said that Yes Bank’s share price is set to decline after the weak third quarter results and the recent Bombay High Court order to write-off the Yes Bank administrator’s additional Tier-1 or AT-1 bonds. Have given.

But why yes bank The share price is falling, said Ravi Singhal, CEO, GCL Broking, “Recently, Yes Bank shares have declined due to two major reasons – Bombay High Court’s order to write off AT-1 bonds to Yes Bank; set aside the administrator’s decision and shows weak Q3FY23 results. Both. fall in Yes Bank share price are short-lived as Yes Bank is planning to move the Supreme Court against the Bombay High Court order and third Quarterly results look weak due to provisioning.The private lender has managed to reduce its stress after selling its stress pool.JC Flowers to ARC.Yes Bank reported quarter-on-quarter (QoQ) and year – has registered growth in its operating profit in both the terms -YoY (YoY). Hence, I would advise Yes Bank shareholders to hold the scrip but take a loss 17 And Take This Dip As An Opportunity To Submit 18 each level.”

Expecting a rally in Yes Bank shares, Chinmay Barve, Head of Technical & Derivatives Research, Profitmart Securities said, “Yes Bank has found significant support. 17 At Every Level And Yes Bank Shareholders Are Advised To Maintain Stop Loss 17 levels. On the chart pattern, YES BANK shares have strong upside potential to make a strong recovery from recent lows 20 more 22 each level. However, in case of stock breakdown 17 Support Then 15 would be a good buying range for long term investors. High risk traders and investors can buy the stock at current levels for short term targets 20 but for them Who? Want to play safe, they can buy Yes Bank shares at approx. 15 and hold on longer.”

Yes Bank shareholders to hold shares despite 30 per cent fall from 52-week high, ICICI Securities says, “We see gradual turnaround in relevant operating metrics driven by granular retail property as well as better confidence in the stability of the liabilities and franchise. After the stressed pool sale, adjusted book value (adjusted for net NPA) has been favorably impacted to the extent of 8-10% despite lower earnings generation for FY23E. In addition, raising equity capital Provides growth and confidence capital to 89 billion YES from Carlyle and Advent in Q3 FY 2023. To that extent, the stock can now command a valuation of 1.4x FY24E ABV (1.2x earlier).

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Pointing out the challenges that Yes Bank shares may face, ICICI Securities “We expect delays in resolution of stressed pools, incremental aging provisions, modest ROE profile during transition, court challenge to the decision to write-down AT-1 bonds and stock supply overhang arising post We are aware of the risks involved. Lock-in shares expiring on March 23. Maintain Hold with revised target price of Rs. 19.3 per share.”

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before taking any Investment Decision.