The Yes bank Stock has given a breakout on heavy volume on the news of it that it had received a binding offer for $1.2 billion (approximately Rs 8,500 crore) funding from an overseas investor. So, with running capital in place we will see stock inching higher with resistance at Rs 79-81 levels and faces stiff resistance at 89 levels. Please buy this stock only if it sustain above 73 level and it is a high risk high return stock.
So,. if you are a long term investor one can consider adding this stock to the portfolio for good returns in times to come. However, if for any reason this deal does not go through then it may be tough on the stock as the market is ruthless. This is the reason one needs to keep a tab on all aspects related to stock and our clients who get our best stock for today get benefitted with real-time information.
So,. if you are a long term investor one can consider adding this stock to the portfolio for good returns in times to come. However, if for any reason this deal does not go through then it may be tough on the stock as the market is ruthless. This is the reason one needs to keep a tab on all aspects related to stock and our clients who get our best stock for today get benefitted with real-time information.
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