Yes Bank Shares Climb After 4-session Slide; Here's What Analysts Say

Shares of YES Bank Ltd ended higher connected Monday, snapping a four-day losing run. The banal roseate 0.45 per cent to adjacent astatine Rs 20.25. The uptick followed an upgrade by world standing agency Moody's, which raised nan backstage lender's standing to Ba2 from Ba3 and revised nan outlook to 'stable'. The agency besides upgraded YES Bank's Baseline Credit Assessment (BCA) to ba3 from b1.

Analysts spot beardown support for YES Bank astir nan Rs 19–19.87 range, which could limit downside. A decisive move supra Rs 21 whitethorn trigger caller upside momentum, pinch a imaginable target of up to Rs 23 successful nan adjacent term.

Osho Krishan, Senior Analyst – Technical & Derivative Research astatine Angel One, noted that YES Bank has a coagulated support scope successful nan Rs 19.50–19 zone, which could thief sorb immoderate short-term dips. He added that a renewed upward momentum is apt only if nan banal breaks supra nan Rs 21–21.50 zone.

Jigar S Patel, Senior Manager (Technical Research Analyst astatine Anand Rathi), noted that support connected nan antagonistic will beryllium astatine Rs 19.5 and guidance astatine Rs 21. "A decisive move supra Rs 21 level whitethorn trigger a further upside towards Rs 23. The expected trading scope will beryllium betwixt Rs 19 and Rs 23 for nan short term," he stated.

Sebi-registered independent investigation expert AR Ramachandran said, "YES Bank's banal is bullish connected regular charts pinch beardown support astatine Rs 19.87. A regular adjacent supra guidance of Rs 21 could lead to an upside target of Rs 23 successful nan adjacent term."

Last month, Japan's Sumitomo Mitsui Banking Corp (SMBC) signed a definitive statement to get a 20 per cent liking successful YES Bank done a secondary transaction weighted astatine Rs 13,483 crore. The woody includes nan acquisition of a 13.19 per cent liking from nan State Bank of India (SBI) for Rs 8,889 crore and a mixed 6.81 per cent liking from a consortium of different banks for Rs 4,594 crore, for Rs 21.5 per share.

The participating banks see Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank.

Published on: Jun 16, 2025 6:57 PM IST