Yes, bank shares listed in the Bombay stock exchange and the National stock exchange show an upper trend this month. almost the share Jumps 42.43% in a month the price is the share was 17rs at the start of this month but if we look today the share price reaches its 52 weeks high and today one share of yes bank is of 24Rs.
Due to this behaviour of the share yes bank re-enters the top 100 most valued firms list stock is up 30%in three days. Report says that the reason for this movement of shares is that the promoters started buying the share in very high quantities thus the demand for this share is increasing by the normal investors and therefore the share price is increasing so high.
Also, an article by business standards says that YES Bank gets RBI’s nod to raise capital from Carlyle, Verventa Holdings.YES, Bank will now engage with the investors for the completion of the proposed capital raise, subject to various regulatory compliances.
Also yes bank is coming up with schemes for their survival in the market. Yes Bank revises fixed deposit rates and debuts a new special FD of 30 months. Due to the launching of new services for customers and getting promoted by the investors the share is now in demand and every BSE and NSE investor wants this share in their portfolio today.
The market index says that high quantities of selling are gonna happen in this share in the upcoming 14 days. The index says that 64% of investors are going to sell this share and book their profits in the upcoming weeks.
But if you are a smart and good investor you should check the fundamentals analysis of this share because buying with the trends always makes a loss of money.A good investor should always wait for the dips before buying the share