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yes bank share falls 30 percent know expert views on buy-hold or sell

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Yes Bank Share Price: The shares of Yes Bank have been witnessing a decline for the last few days. On December 13, the share price of this private bank had reached a level of Rs 24.75. This is also the bank’s highest level in 52 weeks. But since then there has been a decline in the shares of Yes Bank. In the last one month, the share price of Yes Bank had fallen by more than 30 percent. In such a situation, the question arises whether it would be right to bet on the shares of Yes Bank at this time or not. Let’s know the opinion of experts –

Experts associated with the stock market believe that Yes Bank shares will be able to recover from the current declining levels. They believe that the reason for the fall in the shares of this private bank is the third quarter results and the decision of the Bombay High Court. Let me tell you, the Bombay High Court had canceled the decision of the administrator of the bank in the case related to AT-1 bonds.

Investors started buying shares as soon as they heard the news of Rs 250 crore investment

Explaining the reason for the decline in Yes Bank shares, Ravi Singhal, CEO of GCL Securities, says, “There were two major reasons for the decline in Yes Bank shares recently. The first reason is the decision of the Bombay High Court and the second is the poor third quarter results. Hence, I recommend Yes Bank investors to hold the shares of the company keeping the stop loss of Rs 17 in mind.”

Chinmay Barve, Profit Mart Securities, says, “Investors should keep in mind the stop loss of Rs 17. Looking at the chart pattern, it seems that the bank’s shares will be able to bounce from the current levels. And it can go up to the level of Rs 20 to Rs 22. But if Yes Bank shares fall below the level of Rs 15, then it can come down to the level of Rs 15. In such a situation, long term investors can bet. On Wednesday, Yes Bank shares closed at Rs 18.05, down 0.82 per cent.

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