Troubled private sector lender Yes Bank stock declined by 10 percent during early trade as the shares issued by the bank under follow-on public offer were listed on the markets.
Brokerage house Emkay Global has suggested BUY rating for private banking major HDFC Bank with target price of Rs 1300 for a medium term perspective. HDFC Bank is currently trading at Rs 1142.
Private sector lender Yes Bank’s follow-on public offer will open today. The bank has informed that it has already raised Rs 4500 crore from anchor investors.
Uday Kotak has expressed his views about recent rally in stock markets worldwide. The quick recovery in markets has surprised many veteran investors and market analysts.
