YES Bank Stock Prediction 2030
Shares of Yes Bank are expected to trade around 24.60 Rupees on Wednesday, January 17th, with a possible high of 25.34 and a low of 23.86. On Thursday, January 18, the price of a share of Yes Bank was 23.97 Rupees, with a possible high of 24.69 and a low of 23.25.
On Friday, January 19, the price of Yes Bank shares is expected to be 24.02 Rupees, with a possible high of 24.74 and a low of 23.30. The price of a share of Yes Bank on Monday, January 22nd, ranged from 24.74 to 25.48 Rupees, with a minimum of 24.00.
Within a week Shares of Yes Bank are expected to trade at 24.74 Rupees on Tuesday, January 23, with a possible high of 25.48 and a low of 24.00. On January 24th, Yes Bank shares were 24.95 Rupees, with a possible high of 25.70 and a low of 24.20. On Thursday, January 25, the price of Yes Bank shares is expected to be 25.70 Rupees, with a possible high of 26.47 and a low of 24.93. Shares of Yes Bank closed at 26.09 Rupees on January 26th, with a range of 26.87 to 25.31. Shares of Yes Bank are expected to trade around 25.75 Rupees on Monday, January 29th, with a possible high of 26.52 and a low of 24.98.
Experts in the stock market say that Yes Bank’s shares are doing well from a fundamental and technical standpoint. According to their report, Yes Bank shares have finally broken out of their four-year trading range by breaking the 200-day exponential moving average (DEMA). The annual report of Yes Bank gives market experts reason to be optimistic about the private lender’s financials; the report mentions 75 lakh satisfied clients, 3.54 lakh crore total assets, and 2.03 lakh crore total advances.
Yes Bank has posted a second consecutive year of profitability in FY23, according to experts. According to their prediction, Yes Bank stock has the potential to become a multibillionaire in the next two to three years, with a share objective of ₹40 at that time.
The stock price of Yes Bank is soaring, but why?
The co-founder and co-partner of Rakesh Bansal Ventures, Rakesh Bansal, commented, “Yes Bank’s fundamentals are looking strong after 2018 crisis,” elaborating on the solid foundation that might support Yes Bank’s stock price recovery following profit-booking events. According to the private lender Yes Bank’s annual report, 75 lakh customers are satisfied. Additionally, the lender has disclosed total assets of 3.54 lakh crore and total advances of 2.03 lakh crore.
The technical chart shows that Yes Bank shares have breached 200 DEMA for the first time in four years, which indicates strong upward momentum in Yes Bank shares. Based on this, Rakesh Bansal predicts a multibagger return from current levels. As we have seen today, a large bounce is inevitable following any significant dip. From a technical and fundamental standpoint, I am of the firm belief that Yes Bank share is robust. Yes Bank shares might reach ₹40 per share in the next two to three years if the current trend continues. Regardless of whether the present rebound is a dead cat bounce or not, Yes Bank shares are expected to reach levels of ₹25 per share in the near future.
On Tuesday, YES Bank shares jumped 6.15 percent to Rs 26.25, giving the company a market valuation of over 75,000 crore rupees, before partially giving up their gains. Last Monday, the private lender’s stock price was 24.73 rupees.
According to stock market watchers, the stock has further room to rise in the days ahead, but technical indicators indicate that it is already overbought. Their consensus is that investors should keep their money in the stock with a stop loss at about Rs 22–23 and hope for further gains to the Rs 30–40 mark.
Vaishali Parekh, VP of technical research at Prabhudas Lilladher, stated that YES Bank has been making gains from the Rs 15.80 zone over the past two months. The bank’s daily chart has recently shown two instances of higher lows, which has improved the bias and suggests further rises. A decisive breach above the Rs 23 zone has already been confirmed.
