Yes Bank Share Price Today: Make money from this stock - check how

Yes Bank share price rose straight from the Opening Bell today and sustained gains at closing. According to stock market experts, this rise in Yes Bank share price is because of its shareholders approval to raise Rs 10,000 crore capital with the requisite majority. As many as 98.78 percent votes among shareholders were cast in favour of the resolution to authorise the bank to raise capital through issuance of equity shares or other securities, Yes Bank said in a regulatory filing. On January 22, while declaring its financial results for quarter ended December 31, 2020, Yes Bank had informed about Rs 10,000 crore fund raise plan through various modes. Yes Bank share price today is trading at Rs 16.35 up by 0.050 (0.31%) near closing time.

Stock market experts went on to add that one can buy Yes Bank shares at current levels for the target of Rs 18 to Rs 18.50 maintaining the stop loss below Rs 15 per stock levels. They also said that those who hold Yes Bank stocks, should maintain a stop loss around Rs 12.50 and if the banking share hits this stop loss then it would become more bearish, and one should wait for the levels below Rs 10 for re-enter. Yes Bank share price today is showcasing movement at around Rs 16 to Rs 16.50 per stock levels.

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Speaking on the Yes Bank share price target for the bulls; Sumeet Bagadia, Executive Director at Choice Broking said, "Yes Bank share price is showcasing upside bias after shareholders approval for Rs 10,000 crore fund raise, which was announced by the management while announcing quarterly results in January this year." Bagadia said that one can buy Yes Bank shares at current price for the target of Rs 18. But, the bulls in regard to Yes Bank shares must maintain the stop loss below Rs 15 as it has strong support at around Rs 15 to Rs 15.50 per stock levels. He said that Rs 15 is the immediate support for Yes Bank while the major support is Rs 12.50.