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HomeINVESTMENT₹22 Share Going To Become Multibagger Stock; First Target ₹50; Hold For...

₹22 Share Going To Become Multibagger Stock; First Target ₹50; Hold For Long Term

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There has been a continuous decline in the shares of private sector Yes Bank(NSE: YESBANK) for some time. In the last month, the stock has experienced a drop of around 19 percent.

On Wednesday this stock fell by 5.91% and slipped at Rs 23.50 per share. On Wednesday, this stock opened at a price of ₹22.90 per share. 

It reached an intraday high of ₹23.10 during the day’s work. At the same time, the intraday lowest level is ₹ 21.40 per share.

Yes Bank’s 52-week high has been Rs32.85 per share. While the 52-week lowest is Rs14.40 per share.

Total Market Capitalization Of This Bank Is ₹65,900 Cr

During a show, Gujarat sought expert opinion on Yes Bank shares. 

He asked the expert what he had 500 shares of Yes Bank, now what should he do with it. Veteran market expert gave his opinion in this trader’s show.

What Is The Expert’s Advice?

He said that a special kind of pattern is forming in the shares of Yes Bank on the technical chart, which is called the Rounding Bottom Pattern. 

He said, “Sometimes it takes a few years for this pattern to form. But, when this rounding bottom pattern is confirmed, then multi-bagger returns are seen in the stock.”

Looking at this pattern, he said that investing in Yes Bank in the long term can prove beneficial. This investment period should be at least 5 years.

At What Level And Buying Advice?

He said that once after the breakout the stock had managed to reach ₹29. This stock will see a huge rise after crossing ₹29 per share.

After this, this stock can reach ₹ 50 per share. However, this can require a lot of time. 

He said that if you want to buy this share then you can add around ₹ 20 per share.

About Yes Bank Limited

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 Limited

Market Cap₹ 62,739 Cr.
Current Price₹ 21.50
52-wk High₹ 32.8
52-wk Low₹  14.1
Stock P/E61.3
Book Value₹ 13.8
Dividend0.00 %
ROCE4.94 %
ROE1.99 %
Face Value₹ 2.00
P/B Value1.59
OPM56.6 %
EPS₹ 0.36
Debt₹ 2,95,136 Cr.
Debt to Equity7.42

Yes Bank Limited 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 Limited 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 Limited Share: Last 5 Years’ Financial Condition

To gain a better understanding of 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.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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