Despite Dalal Street weakness, Yes Bank shares have been rising in recent days. The bank’s stock finished Monday’s trading session at Rs 21.05 per share, up 6.9 per cent from the previous day’s high of Rs 21.20 per share on the BSE.
In addition, the stock has gained 18 per cent in the last two trading sessions. On Monday (2 August), the bank’s shares saw the highest volume in over four months, with approximately 80 crore shares trading in the secondary market.
Yes Bank shares are rising, according to stock market experts, following the private lender’s disclosure on Friday in which it informed Indian exchanges about positive developments regarding new investments by Carlyle Group and Verventa Holdings. According to them, the Yes Bank share price has given a sideways trend breakout on the chart pattern and may rise to Rs 28 per share levels in the short to medium term. They advised positional investors to maintain a buy-on-dips strategy in the stock until it reaches Rs 18 per share.
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