Last close : 168
As expected YESBANK has crashed 29% in last trading session ahead of company reported loss of 1507 cr and increased NPA from 1.18% to 1.86%.
Do you know ?? In Yesbank history every year get some bad news and stock was crashed 20-30% regularly. Then sustained and recovered. (Six month back CEO issues)
Now, Technically chart indicating support at 160 and very strong support at 147
Stock will take support at above levels….. Suppose if fail to take support at above levels, More pain will be expected up to 125.
Long term investor can invest partially & rate is very attractive!!
Updated : 07.07 PM / 01st April 2019
