Yes Bank shares rise over 4% ahead of Q2 results 2023. Opportunity to buy? | Mint
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Business News/ Markets / Stock Markets/  Yes Bank shares rise over 4% ahead of Q2 results 2023. Opportunity to buy?
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Yes Bank shares rise over 4% ahead of Q2 results 2023. Opportunity to buy?

Yes Bank shares may go up to ₹20 apiece levels once it breaches the current hurdle placed at ₹18.50 apiece levels, say experts

Yes Bank shares are rising because market is expecting turnaround in private lender's fundamentals in its Q2 results 2023 on Saturday, say experts. (MINT)Premium
Yes Bank shares are rising because market is expecting turnaround in private lender's fundamentals in its Q2 results 2023 on Saturday, say experts. (MINT)

Stopck market today: Yes Bank shares have been in uptrend since early morning deals. yes Bank share price today opened upside at 17.10 apiece levels on NSE and went on to hit intraday high of 17.85 per share levels within few minutes of stock market's openikng bell today.

According to stock market experts, Yes Bank results for Q1FY24 is coming tomorrow and market is expecting further turnaround in fundamentals of the private lender. They went on to add that there can be improvement in margins of the private bank and hence we are witnessing buying interest in the Yes Bank stocks.

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Yes Bank results Q2 2023 in focus

Seapking on the reasons that has fueled Yes Bank shares, Arun Kejriwal, Founder at Kejriwal Research and Investment Services said, “Yes Bank results for Q2 FY2023-24 is coming tomorrow and market is expecting turnaroound in fundamentals of the private lender."

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Arun Kejriwal went on to add that there is buzz about improvement in margins and net interest of Yes Bank in upcoming Q2 results 2023 on Saturday, i.e. tomorrow.

Yes Bank share price target

On Yes Bank share price outlook, Sumeet Bagadia, Executive Director at Choice Broking said, “Yes Bank shares are facing hurdle at 18.50 apiece levels. On breaching this hurdle Yes Bank share price may touch 20 and 22 apiece levels. Those who have Yes Bank shares in portfolio can hold the stock maintaining stop loss at 16 for the above mentioned targets."

On suggestion to fresh investors in regard to Yes Bank shares, Sumeet Baghadia said, 'Fresh investors can buy and keep on accumulating on every bid dip in the stock maintaining stop loss at 16 apiece levels for near term target of 20 and 22 apiece."

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.

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ABOUT THE AUTHOR
Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
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Published: 20 Oct 2023, 11:25 AM IST
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