Yes Bank Share: Can share price rise to Rs 100? Expert opinion

Investors holding Yes Bank shares can earn huge profits for the next five years. Technical analyst Prakash Gaba says so. Experts believe that the shares of Yes Bank can reach the price of 100 rupees in the next five years. Shares of Yes Bank rose to INR 24.07 +0.45 (1.91%) today. This means that Rs. With a target price of 100, investors can make a huge profit of around 325 percent from current levels. The market cap of the company is Rs. 74,031 crores.

What is the expert opinion on Yes Bank?

In response to a question from viewers 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. However, Gaba said on Tuesday that Rs. The stock closed at 23.67 to initiate a breakout in the monthly time frame at Rs. Should close above 30. He further said, “Whenever this happens (breakout above Rs. 30), the stock goes up to Rs. Will go to 100, but it may take 5 years.

How has Yes Bank stock performed?

Yes Bank shares have gained more than 6 percent in the last one month. The stock has returned around 17 percent in the last 6 months. The company's shares have gained 4 percent so far this year. Its investors have made 44 percent profit in the last one year.

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.