Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Research

| More

Yes Bank trading 52 week low today, support is there at lower levels of 125 - 126 : Epic Research

Posted On: 2019-05-15 23:37:01

Mr. Mustafa Nadeem, CEO, Epic Research

Prices are in a bearish trend. Since the last few quarters stock has been in the news. Due to concern over its Balance sheet, Asset quality, exposure to IL&FS, Directors and now RBI appointing an additional director for two years.

If not explicit its implicitly a concern for investors and anyone who is looking to hold the stock for the long term.

Technically there were some pullbacks as the stock was coming out from oversold zone and pushing levels up. But that was in the short term and was the outcome of price structure. Some good immediate recovery did get two digit returns. But at present, this is not a stock that can be kept with confidence in the portfolio.

At present - support is there at lower levels of 125 - 126 and prices can test them in coming days. We may see some price pullback given they are in oversold territory, But, the trend remains negative and it's a stock that is a sell on any rise towards 165 - 168.

Shares of YES BANK LTD. was last trading in BSE at Rs.143.65 as compared to the previous close of Rs. 156.15. The total number of shares traded during the day was 8203362 in over 49719 trades.

The stock hit an intraday high of Rs. 154.9 and intraday low of 142.5. The net turnover during the day was Rs. 1211241284.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Disclaimer:The article above is a gist / extract of the original report prepared by the research firm / brokerage firm. This article is not to be considered as an offer to sell or a solicitation to buy any securities. This article is meant for general information only. www.equitybulls.com, its employees or owners or the research firms, its employees or owners won't be responsible for any liability that may arise from information, errors or omissions in these articles. www.equitybulls.com or its employees or owners / the research firms or its employees or clients or owners may from time to time hold positions in securities referred in this article. For detailed research reports, please contact the concerned research firm directly.





Other Headlines:

Indian e-pharma market poised to touch US$2.7 billion by 2023: EY

Bharat Financial Inclusion Limited completes first Direct Assignment transaction of Rs. 1,107.41 crore in FY20

Strong operating performance and Name improves: Angel Broking

Polycab India surges higher: Angel Broking

TCS likely to outperform Infy in short-term: Angel Broking

Railway Vikas Nigam IPO Listing - Mr. Abhijeet Bajpai, Co-Founder, Avighna Trades

Polycab India Ltd: Angel Broking

Maruti to cut production to balance with demand: Angel Broking

BATA India Q3: Angel Broking

Result Update: Essel Propack Ltd - BUY - TP Rs.130 - Kotak

Result Update: Radico Khaitan Ltd - ACCUMULATE - TP Rs.460 - Kotak

Result Update: GHCL - ACCUMULATE - TP Rs.270 - Kotak

Initiating Coverage : JK Paper Limited - Buy - TP Rs.200 - Kotak

Result Update: Mirza International Ltd - BUY - TP Rs.104 - Kotak

Result Update: Asian Granito India Ltd - REDUCE - TP Rs.185 - Kotak

Result Update: Va Tech Wabag Ltd - BUY - TP Rs.378 - Kotak

Result Update: PNC Infratech Ltd - BUY - TP Rs.197 - Kotak

Result Update: KNR Constructions Ltd - BUY - TP Rs.235 - Kotak

Result Update: Talbros Automotive Ltd - BUY - TP Rs.400 - Kotak

Result Update: Sterling Tools Ltd - ACCUMULATE - TP Rs.361 - Kotak

Result Update: Engineers India Ltd - BUY - TP Rs.155 - Kotak

Result Update: Century Plyboards Ltd - BUY - TP Rs.232 - Kotak

Result Update: Eveready Industries India Ltd - BUY - TP Rs.310 - Kotak

Result Update: The Phoenix Mills Ltd - BUY - TP Rs.707 - Kotak

Result Update - Voltamp Ltd - BUY - TP Rs.1320 - Kotak

Result Update: Berger Paints Ltd - SELL - TP Rs.280 - Kotak

Company Visit Note: Ratnamani Metals & Tubes Ltd - NOT RATED - Kotak

Result Update: Insecticides India Ltd - BUY - TP Rs.643 - Kotak

Result Update: Nagarjuna Construction Company Ltd - BUY - TP Rs.135 - Kotak

Result Update: Shankara Building Products Ltd - BUY - TP Rs.1537 - Kotak

Result Update: Dollar Industries Ltd (DIL) - BUY - TP Rs.390 - Kotak

Result Update: Greenply Industries Ltd - ACCUMULATE - TP Rs.161 - Kotak

Result Update: Central Depository Services (India) Ltd - BUY - TP Rs.290 - Kotak

Result Update: Blue Star Ltd - BUY - TP Rs.655 - Kotak

Result Update: Bluedart Express Ltd - ACCUMULATE - TP Rs.2875 - Kotak

Result Update: Mahindra Holidays & Resorts Ltd - BUY - TP Rs.315 - Kotak

Result Update: GHCL - BUY - TP Rs.270 - Kotak

Result Update: NIIT Ltd - BUY - TP Rs.110 - Kotak

Result Update: Quess Corp Ltd - BUY - TP Rs.1072 - Kotak

Result Update: Praj Industries Ltd - REDUCE - TP Rs.108 - Kotak

Result Update: Supreme Industries Ltd - BUY - TP Rs.1205 - Kotak

Granules India Ltd Q2 consolidated PAT climbs to Rs. 60.26 crores

Result Update: Kansai Nerolac Paints Ltd - BUY - TP Rs.485 - Kotak

Result Update: Zensar Technologies Ltd - ACCUMULATE - TP Rs.257 - Kotak

Bajaj Auto Ltd - OPM below estimate; Retain Accumulate - Emkay

Result Update: Bodal Chemicals Ltd - ACCUMULATE - TP Rs.130 - Kotak

Result Update: Kajaria Ceramics Ltd - BUY - TP Rs.500 - Kotak

Result Update: Persistent Systems Ltd - BUY - TP Rs.870 - Kotak

Auto Industry Volume Update: September 2018 - Kotak

Sector Update - Natural Gas - Kotak







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019