Fpo investors have been rewarded. Upper circuit today. Those who were telling it will touch 8/7/6/5 can continue to dream. Sour grapes.Hs ha ha. Really free money to be made now
ha ha at last crossed 12.50. now trading at 12.80. seems it will have upper circuit
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August 4, 2020 3:08:54 PM
IPO Guru (1000+ Posts, 1000+ Likes)
Yes Bank is making higher lows on daily charts. Its slowly uptrending. Now Rs.12 will be a strong support for the stock. Those who purchased in FPO, you may keep holding on and hope for nice breaking news for fast moves by the stock. Except for some shock news when moratorium is lifted on loans, no further bad news should be expected. At least, there can be no worse news than ATMs getting closed for money withdrawal, which occurred fews months back. Hope for the best.
CHEERS....,......Private lender Yes Bank is looking to carve out its technology platform and transfer its stressed assets into two separate subsidiaries, its MD Prashant Kumar said in an interview. Yes will also look to get equity partners in these two businesses later, he added.
The lender is creating a structure for what will be an in-house bad bank that will house all its bad loans and also buy bad assets from other lenders. A consultant to design this project will be appointed in the next 2-3 weeks, after which the lender will approach the Reserve Bank of India for approval. The bank would also create a separate subsidiary for its technology platform that could be valued at upwards of $7 billion.