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Yes Bank Share: Yes Bank shares are in focus during trading today on Thursday. A bumper rise is being seen in the shares of the company. Yes Bank shares rose by 14% on BSE and its price reached Rs 30.45 intraday. There is a big reason behind this rise in shares. The plan to increase the total stake of HDFC Bank Limited in Yes Bank to 9.50 percent has been approved by the Reserve Bank of India (RBI). Since then, there has been heavy buying in Yes Bank shares today.
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What are market experts saying?
Let us tell you that during the morning trading on Thursday, strong buying was seen in the shares of Yes Bank and this share opened at Rs 31.10 on NSE. However, Yes Bank shares extended their morning gains and touched an intraday high of ₹45.70 per share, registering a rise of nearly 13 percent during Tuesday deals.
Sandeep Pandey, Founder and Director, of Basava Capital, said, “Bulls are betting more on Yes Bank shares after RBI approval of HDFC Bank’s plan to increase total stake in Yes Bank to 9.50 per cent. After SBI, HDFC Bank is one and it is a big bank which has announced such a huge cross-holding in Yes Bank and that is why the shares are seeing a rise today.”
What is the target price?
Expecting further upside in Yes Bank shares, Sumeet Bagadia, Executive Director, Choice Broking said, “Yes Bank shares are on the verge of giving a fresh breakout at the level of ₹30 per share. After this breakout, Yes Bank shares may go towards ₹32.50 and ₹50 per share levels in the short term. The stock has formed a strong base at ₹31.10 per share mark. Hence, Yes Bank shareholders can hold the stock while maintaining a trailing stop loss at ₹27.50 level.” New investors can buy with short-term targets of ₹32.50 and ₹35,” said a Choice Broking expert. For this, stop loss can be maintained at ₹27.50.
Conclusion
This article serves as a comprehensive guide to the JP Power Share Price target. The information and forecasts are derived from our analysis, research, company fundamentals, historical data, experiences, and various technical analyses. The article delves into the share’s prospects and growth potential in detail. Feel free to comment below if you have any further queries. We are more than happy to address all your questions. If you find this information helpful, consider sharing the article with as many people as possible.
Disclaimer:
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This study does not consider any uncertainties regarding the company’s future or the current market conditions. While this information is for informational purposes, we disclaim any responsibility for potential financial losses incurred based on the information provided on this site. We aim to offer timely updates about the stock market and financial products to assist you in making informed investment decisions. It is crucial to conduct your research before making any investment decisions.