Yes Bank shares can go up to Rs 100, experts are waiting for this moment

There may be a big jump in Yes Bank shares. If a person holds Yes Bank shares for 5 years, he can make a huge profit. Technical analyst Prakash Gaba has said this. In response to a question on CNBC Awaaz, Gaba said that according to Yes Bank’s chart, the bottom out process is currently underway, but it is not clear when it will be completed.

Waiting for a breakout
On Tuesday, Yes Bank shares traded at Rs. closed at 23.63. Prakash Gaba has said that for a breakout, Yes Bank shares on a monthly timeframe of Rs. Should close above 30. “Whenever this happens, this breakout above Rs 30 will take Yes Bank shares to Rs 100, but it may take 5 years,” Gaba said. Yes Bank’s net interest income (NII) has seen an increase of 2% in the March 2024 quarter to Rs 2153 crore.

The bank’s shares have risen 44% in 1 year
Yes Bank shares have increased by more than 44 percent in the last one year. On June 12, 2023, Yes Bank shares were priced at Rs. Was at 16.40. Share of private sector bank on June 11, 2024 Rs. It closed at 23.63. At the same time, in the last 6 months, Yes Bank shares have seen an increase of around 11%. Yes Bank shares hit a 52-week high of Rs. is 32.81. At the same time, the bank shares hit a 52-week low of Rs 14.10. Kotak Institutional Equities has maintained a sell rating on Yes Bank shares after March quarter results. The brokerage house has given a target price of Rs 19 for the bank’s stock.