Yes Bank: What experts say, the three-year lock-in of these private banks is ending in March

Afterwards state Bank of India (SBI) took over the management of private lenders such as Yes Bank ICICI Bank, axis Bank, IDFC First Bank, HDFC bankAdi invested in Yes Bank with a lock-in of three years which expires in March 2023. These private lenders have bought shares of Yes Bank for approx. 10 and 35 per cent fall in Yes Bank’s share price in the last two months, these banks are at around 60 per cent profit and hence may be prompted to book profits when their lock-in ends next month Is.

According to stock market experts, these private lenders can wait for the results of the fourth quarter of FY2023 yes bank As the bank is improving regularly on the margin front after SBI took over its management. Apart from this, the new mechanism of the Ministry of Finance to handle bad loans is also going to help private lenders in the medium to long term. He advised positional long term investors to buy Yes Bank shares. Range for immediate medium and long term goals of 14-16 20 more 24. However, he added that Yes Bank shares could see an extreme rally once the upside is sustained 20 per share level.

Speaking on Yes Bank share price outlook, Ravi Singhal, CEO, GCL Broking said, “Yes Bank shares are in downside bias and some profit-booking is expected after the lock-in period ends next month. However, profit booking won . Not immediately. They had invested in Yes Bank when its condition was more dire than it is today. Hence, private banks investing in Yes Bank with a lock-in of three years can wait for Q4FY23 results. If Yes Bank manages to improve its NIM in the upcoming Q4 results, then in that case these private banks may decide otherwise and continue with their stake in Yes Bank.”

Sandeep Pandey on key triggers that could work in favor of Yes Bank shares. Director, Basav Capital said, “After the introduction of the new mechanism by the Finance Ministry to handle bad loans through ARCs (Asset Restructuring Company), Yes Bank is expected to emerge as one of the major beneficiaries of this mechanism.” Hence, in the medium to long term, a trend reversal is expected in Yes Bank and under the management of SBI, Yes Bank continues to improve its margins quarter on quarter.”

Sumeet Bagadia, Executive Director, Choice Broking said on the key points regarding Yes Bank shares, “Yes Bank shares have found immediate support. 15 and its resistance is placed at 20 levels. Once held above, it can move very quickly 20 levels.”

Ravi Singhal of GCL Broking advises positional investors to buy Yes Bank shares If the banking stock declines in the near term, Ravi Singhal of GCL Broking said, “Yes Bank stock can become an ideal buy. since 14 16 range for medium to long term investors. They can buy stocks for medium term goals Long term goal of 20 more 24 if the stock falls in view of the three-year lock-in.”

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to do due diligence with certified experts before making any investment decision.