Shares of YES BankNSE 0.06 % may tumble by as much as 10 per cent on Tuesday after the lender reported its first ever quarterly loss for the three months ended March. The loss was amplified by provisions against bad loans to an infrastructure conglomerate and an airline as the lender's first non-founder chief executive Ravneet Gill began a clean-up act.
The bank posted a loss of Rs 1,507 crore in the March quarter compared to profit of Rs 1,180 crore a year earlier. The bank made total ..
The rating downgrades of Anil Ambani group companies by various agencies may also weigh on the stock as the bank has exposure to the group, said analysts. “There will be near-term challenges for the stock till it is able to raise fresh capital and resolution is found for the RelianceNSE 1.49 % Group issue,” said Digant Haria, AVPResearch at Antique Stock Broking.
“The stock has been correcting for the last two weeks in a market which is hitting new highs which means that insiders knew that this was on the cards. Much of the price damage was known before the result,” said Sanjiv Bhasin, executive vice-president, markets and corporate affairs at IIFL. “The stock could underperform in the short term as corporate banks like Axis are coming out with better numbers but at around Rs 210, most of the negatives would be in the price and one could look at it as a ..
The bank posted a loss of Rs 1,507 crore in the March quarter compared to profit of Rs 1,180 crore a year earlier. The bank made total ..
The rating downgrades of Anil Ambani group companies by various agencies may also weigh on the stock as the bank has exposure to the group, said analysts. “There will be near-term challenges for the stock till it is able to raise fresh capital and resolution is found for the RelianceNSE 1.49 % Group issue,” said Digant Haria, AVPResearch at Antique Stock Broking.
“The stock has been correcting for the last two weeks in a market which is hitting new highs which means that insiders knew that this was on the cards. Much of the price damage was known before the result,” said Sanjiv Bhasin, executive vice-president, markets and corporate affairs at IIFL. “The stock could underperform in the short term as corporate banks like Axis are coming out with better numbers but at around Rs 210, most of the negatives would be in the price and one could look at it as a ..
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