Troubled private sector lender Yes Bank stock started its downward journey the moment management of the bank announced pricing for follow-on public offer.
Yes Bank opened on lower circuit yesterday as the follow-on public offer stocks were listed on the exchanges for trade.
Yes Bank opened at lower circuit for today’s trading session and the massive sales orders will ensure that the stock ends the day at Rs 12.30 on NSE.
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.
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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.
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