Intraday Buy Call For Yes Bank

Intraday Buy Call For Yes BankTechnical analyst Anil Singhvi has maintained 'buy' rating on Hexaware Technologies Limited with an intraday target of Rs 320.

According to analyst, the investors can buy the stock with a stop loss of Rs 304.

The stock of the company, on December 29, closed at Rs 307.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 388 and a low of Rs 226 on BSE.

Current EPS & P/E ratio stood at 17.55 and 17.61 respectively.

Yes Bank Ltd, on Dec 27, has recalled around Rs 100 crore of loans it advanced to MFIs, which have been in talks with commercial banking institution for fresh loans as they combat a crisis of trust. Yes Bank becomes the first commercial banking institution to seek out such a loan recall.

On 22 December, the bank wrote to some MFIs, comprising Ujjivan Financial Services Pvt. Ltd and Equitas Micro Finance India Pvt. Ltd, to reimburse their loaning amounts by 31 December.

The MFI head said, "The bank has sent letters to a few MFIs, including us, asking to repay the loans by 31 December, either in part or full. This would be extremely difficult... given the fact that the (loan) collections have fallen and operations have come to a halt."

Yes Bank has entered into a strategic partnership with a major agri-infrastructure participant, National Collateral Management Services (NCMSL), for collateral management and warehousing services.