Yes Bank Share Price Crash Furiously By 98%. Do You Want to Buy Now?

By | August 11, 2021

Do you know that Yes Bank share price collapse from nearly 400 to make a lifetime low of just 6?

Yes Bank share price crashed insanely by almost 98 percent and has become a penny stock now.

Its market cap degraded heavily and now Yes Bank stock price is trading at around 13.

Now, the question is whether Yes Bank share price will rise or not in 2021.

You might be wondering whether penny stock like Yes Bank can be a multi-bagger stock.

As of now, it looks very weak as you can see in the chart.

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yes bank share price prediction

About Yes Bank

Yes Bank is an Indian private bank based in Mumbai and was founded by Rana Kapoor and Ashok Kapur in 2004.

Early 2020, in an attempt to avoid the collapse of the bank, which had an excessive amount of bad loans, the Reserve Bank of India (RBI) took control of it.

RBI later reconstructed the board and named Prashant Kumar, former Chief financial officer of SBI, as new MD & CEO at Yes Bank.

Currently, Yes Bank is now an associate of the State Bank of India which has a 30% stake in the company.

Due to the bank’s high GNPA ratio which is the NPAs of its corporate advances, Yes Bank share price fall furiously.

In fact, Yes Bank has some high-value NPA accounts viz. Anil Ambani Group, Subhash Chandra’s Essel Group, DHFL, Il&FS, and Jet Airways.

Furthermore, it has also high exposure in Cox & Kings, Go Travel, McLeod Russel, Omkar Realtors, Radius Developers, and CG Power.

The total value of these loans taken by these groups which turned bad is around 35,000 crores.

These Corporate defaults were the primary reason for the crisis in the bank.

 

Yes Bank key fundamentals metrics

Yes Bank Shareholding Pattern – 2021

Presently, State Bank of India is the major shareholder in Yes Bank with a 30% stake, followed by Bay Tree (7.5%), LIC (5%), ICICI Bank (4%), and HDFC (4%).

 

yes bank shareholding pattern

Financial Health of Yes Bank

Yes Bank has not seen consistent profit growth in the last eight quarters. Moreover, it failed to generate consistent sales growth in the last eight quarters.

Yes Bank has a very low Piotroski Score of 3 and neither has low debt. Even, it is not generating increasing cash from operations.

The only good news about Yes Bank is FII, FPI, and DIIs are buying their stocks. Furthermore, it also has a positive Net Cash Flow.

 

 

Yes Bank Market Cap as compared with peers

 

Will Yes Bank Share Price Increase

 

Are you wondering whether Yes Bank share price will go up or not?

At the moment there is no sign of recovery in Yes Bank stock price. It is completely in a downtrend.

Yes Bank share price support & resistance is at 12.00 and 15.65 respectively.

I am expecting, Yes Bank share price will find support near 11-12 and from that level, it may recover.

Yes Bank Share Price Target 2022

By the end of 2021, or early 2022, Yes Bank share price may touch 15.65 to 17.10 levels.

However, unless it breaks above 15.65, I will not touch Yes Bank at all. Simply because at around 15.65, it might face resistance.

So, it is better to wait and let it breaks out of the resistance zone.

If it manages to give a strong breakout above 15.65 with volume, then you can see it may test 20+ levels by the end of 2022.

Yes Bank Share Price Target by 2021 End or Early 2022

Yes Bank Share Price Forecast 2025

In case it holds above 20+ levels, then Yes Bank share price target 2025 will be something around 45+.

Furthermore, if your heart doesn’t pump furiously, then wait for it to break 45 by trailing your Stop Loss.

By the end of 2025, Yes Bank share price may test 76+ levels if it maintains its momentum and steady trend.

Latest News on Yes Bank Share Price

Aug 10, 2021

Yes Bank announced Announcement under Regulation 30 (LODR)-Analyst / Investor Meet – Intimation

Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015
Aug. 8, 2021

Yes Bank announced Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

Aug. 4, 2021

Yes Bank announced Announcement under Regulation 30 (LODR)-Analyst / Investor Meet – Intimation

Yes Bank announced Announcement under Regulation 30 (LODR)-Analyst / Investor Meet – Intimation

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