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Yes bank

Discussion in 'Investment Analysis' started by major1065, Jul 25, 2019.

  1. major1065

    major1065 Member

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    major1065, Jul 25, 2019
    Share #1
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  2. shabbir

    shabbir Administrator Staff Member

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    As a trader, it is too late to ask now.

    As an investor, whats your view when you invested? Has that changed?
     
    shabbir, Jul 25, 2019
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  3. nirajshah

    nirajshah Champion

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    nirajshah, Aug 1, 2019
    Share #3
  4. saptarshi_sachin

    saptarshi_sachin Responder

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    Hi major1065

    You are stuck at 155, in my opinion makes no sense to book out now at 88 and incur huge loss.
    Please try to average your price by buying some around current levels keeping in mind a strict stop loss of 79 (below 80). This stop loss is for the fresh quantity which you will buy to average your buying price.

    I believe 80-ish levels should not be broken by Yes Bank easily. Ravneet Gill (the CEO) is a person of good repute and he is putting up all efforts to clean up and raise fresh capital for the bank. Issue with NPAs will remain in the background, but what Yes Bank needs is fresh capital and PE investors would happily agree to keep the stock price deliberately down for them to enter at super low prices if there is a case of equity dilution in Yes Bank, which is going to happen sometime in very near future.

    Yes Bank's ability to raise capital would be tested here, and it should be able to do so. Hold on to your cash tight even if you don't want to buy to average. It's a bank after all and quite a big bank (has $44 billion in assets as of 2018).
     
    saptarshi_sachin, Aug 4, 2019
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