Chart verification: YES Bank jumps more than 30% in one month; will go higher?


Web exclusive

After breaking the Rs 18 mark, the breakout should see an increase towards the Rs 24 to Rs 23 range.

Topics

YES Bank | bank actions | Vibrant actions

Avdhut Bagkar |
Bombay

YES Bank shares were trading nearly 0.5% lower in Wednesday morning trading. The stock has risen more than 30 percent in the past month, rebounding from a low of Rs 12.20 to today’s high of Rs 15.90 on the NSE.

The stock has outperformed the market in a month, following news of the bank’s listing in the MSCI India index effective December 1. By comparison, the S&P BSE Sensex has rallied 12 percent. Other than that, the private sector lender aims to double its smaller and medium-sized retail (SME) asset and liability book by the end of calendar year 2023. …

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First Post: Wed Dec 2, 2020 11:40 AM IST

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