Yes Bank Trades Low on Monday after Smart Gains on Friday
Private sector banking major Yes Bank witnessed a strong opening on Monday but the shares started drifting lower soon. Yes Bank stock valuation has reduced to half after the bank announced fresh public offer at Rs 12 per share. The shares of Yes Bank witnessed lower circuits and have not been able to recover or cross Rs 20 level after FPO.
In the recent days, positive developments have been reported on the troubled banking major. Yes Bank is now led by a professional management team that has set a target of cleaning the books and come out as a reliable banking partner for clients and investors. Long term investors have lost significantly in Yes Bank but it would be better to keep on holding this stock instead of selling at massive loss.
Yes Bank opened strong on Monday but in few minutes of trade, it was trading one percent lower. Yes Bank should be considered for medium to long term scenario. If the management is successful in turning around this private sector lender, it can offer impressive returns. The risk to reward ratio is quite good for investors having higher risk appetite.