YES Bank Shares in a Downtrend: Here's What Analysts Say
Current Stock Performance
As of the latest trading session, YES Bank's share price has declined to ₹17.97, marking a decrease of 2.86% from the previous close of ₹18.50. This downturn is part of a broader trend, with the stock trading approximately 31% below its 52-week high of ₹32.81 .
Analyst Ratings and Price Targets
Analysts have expressed caution regarding YES Bank's stock performance:
ICICI Securities has downgraded the stock to a "Sell" rating, setting a target price of ₹14. The firm cites concerns over muted operating earnings and potential asset quality issues .
Emkay Research also maintains a "Sell" rating, with a target price of ₹11. The firm highlights sub-par return ratios and unfavorable risk-reward dynamics as key factors influencing their outlook .
Technical Analysis
Technical analysts observe a bearish trend in YES Bank's stock:
AR Ramachandran from Tips2Trades notes strong resistance at ₹27.35 and suggests that a daily close below ₹23 could lead to a downward target of ₹20 in the near term .
Anshul Jain from Lakshmishree indicates that the stock is nearing a crucial support level around ₹21. A close below this level could lead to further declines, with potential drops to ₹17 .
Recent Developments
In a positive development, Japan's Sumitomo Mitsui Banking Corporation (SMBC) has agreed to acquire a 20% stake in YES Bank for ₹13,480 crore. This investment is seen as a significant step in YES Bank's recovery and could bring enhanced governance and international expertise to the bank .
Frequently Asked Questions (FAQs)
Q1: Why are analysts bearish on YES Bank's stock?
Analysts cite concerns over muted operating earnings, potential asset quality issues, and unfavorable risk-reward dynamics as reasons for their cautious outlook.
Q2: What is the current support level for YES Bank's stock?
Technical analysts identify ₹21 as a crucial support level. A breach below this could lead to further declines.
Q3: Has there been any positive news for YES Bank?
Yes, SMBC's investment in YES Bank is viewed positively and could aid in the bank's recovery.
Q4: What is the target price set by analysts?
Analysts have set target prices ranging from ₹11 to ₹14, indicating potential downside from current levels.
Q5: Should investors consider buying YES Bank shares?
Given the current downtrend and analyst caution, investors should approach with caution and consider waiting for more favorable signals.
Published on: June 26, 2025
Uploaded by: PAVAN
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