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Suddenly Huge Buying In This ₹23 Share; Share Will Double If You Hold; Target Price

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Yes Bank Ltd (NSE: YESBANK) Share Price: A jump of up to 10.92 percent has been seen in the share prices of private sector banks today. After this rise, the price of the company’s shares reached the level of Rs 23.25. 

The shares of Yes Bank decreased from the stock of Yes Bank for the last couple of days. In such a situation, this rise is a relief news for positional investors. Tell us about the motivation behind the recent rise of Yes Bank shares.

Are Banks Seeking An Additional Promoter?

There is a strong buzz in the stock market that Yes Bank is looking for a new promoter. The bank is looking to bring a new promoter on board by selling a 51 percent stake. 

Experts believe that Yes Bank share was in the oversold zone. By yesterday, the company’s shares were trading 40 percent down from their 52-week high of Rs 32.85. 

In such a situation, seeing the fall in prices, investors again turned towards stocks. Due to this, the shares of the company have increased.

What Are Experts Saying?

Discussing the reason behind the rise in the prices of Yes Bank, Sandeep Pandey, Founder of Basav Capital, says, “The reason behind the rise in the shares of Yes Bank is the news about the promoter. However, a formal statement has not yet been released by the privately-owned bank about the entire issue. In such a scenario one should not take positions in the company due to any discussions.”

What Is The Target Price? (Yes Bank Target Price)

Ganesh Dongre, associated with brokerage firm Anand Rathi, says, “Yes Bank’s stock looks weak on the chart pattern. In such a situation, those holding Yes Bank shares would be advised to set a stop loss at Rs 18 per share. However, it is advisable to keep the price target at Rs 26 per share.”

About Yes Bank Ltd Company 

YES Bank Limited (Yes Bank) offers commercial banking services and products. It is a bank located in Mumbai, India. It was established in 2004. 

It provides corporate and commercial branches and banking for its customers. 

The firm is involved in both institutional and corporate banking and financial markets, investment banking corporate finance, transaction and business branches, banking, and wealth management. 

The bank provides customers in the retail sector, NRI, MSMEs, commercial, institutional, corporate, and high-net-worth clients throughout India. It also has a representative office situated in Abu Dhabi.

Fundamental Analysis of Yes Bank Ltd

Market Cap₹ 67,424 Cr.
Current Price₹ 23.4
52-wk High₹ 32.8 
52-wk Low₹ 14.1
Stock P/E65.8
Book Value₹ 13.8
Dividend0.00 %
ROCE4.94 %
ROE1.99 %
Face Value₹ 2.00
P/B Value1.70
OPM56.6 %
EPS₹ 0.36
Debt₹ 2,95,136 Cr.
Debt to Equity7.42

Yes Bank Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 26₹ 50
2025₹ 52₹ 68
2026₹ 72₹ 102
2027₹ 150₹ 194
2028₹ 205₹ 261
2029₹ 285₹ 340
2030₹ 410₹ 506
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Yes Bank Ltd Shareholding Pattern

FII Holding
Dec 202223.24%
Mar 202323.10%
June 202323.79%
Sept 202323.39%
Dec 202323.79%
DII Holding
Dec 202238.19%
Mar 202337.77%
June 202337.72%
Sept 202340.68%
Dec 202341.98%
Govt. Holding
Dec 20220.01%
Mar 20230.01%
June 20230.01%
Sept 20230.01%
Dec 20230.01%
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Public Holding
Dec 202238.54%
Mar 202339.10%
June 202338.47%
Sept 202335.90%
Dec 202334.21%

Yes Bank Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 29,624 Cr
2020₹ 26,052 Cr
2021₹ 20,039 Cr
2022₹ 19,019 Cr
2023₹ 26,366 Cr

Last 5 Years’ Net Profit:

2019₹ 1,709 Cr
2020₹ -16,433 Cr
2021₹ -3,489 Cr
2022₹ 1,064 Cr
2023₹ 1,024 Cr
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Last 10 Years’ Profit Growth:

10 Years:-6%
5 Years:-30%
3 Years:-27%
Current Year:14%

Last 10 years’ Return on Equity (ROE):

10 Years:-1%
5 Years:-11%
3 Years:-2%
Last Year:2%

Sales Growth Over 10 Years:

10 Years:11%
5 Years:2%
3 Years:-4%
Current Year:23%

Conclusion

This article is a complete guide about Yes Bank Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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