Yes Bank Share Price Highlights: Closes at ₹25.69, Down 3.53%

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Yes Bank Share Price Highlights: Yes Bank ended today's trading session at ₹25.69, a decline of 3.53% from the previous close of ₹26.63. On the last trading day, Yes Bank opened and closed at ₹23.96, hitting a high of ₹27.05 and a low of ₹23.85. The market capitalization stood at ₹83,438.51 crore. Over the past 52 weeks, the stock has reached a high of ₹32.81 and a low of ₹14.10. The BSE volume for the day was 137,153,838 shares traded.



Market Trading Guide: The domestic markets kicked off the new month positively, gaining over 1% in the first week, continuing an uptrend from the previous month. According to Ajit Mishra, SVP, Research at Religare Broking, "Consolidation is expected in the index after recent gains, with strong support seen around 23,700-24,000. A clear breakout above 24,500 could signal the next bullish phase. Investors are advised to focus on selective stock picking, favoring sectors like energy, FMCG, and pharma for long positions, while staying selective in others."

Stock Recommendations for Monday:

  1. Swan Energy | Buying Range: ₹660 | Stop Loss: ₹600 | Target: ₹750-₹780

    • The stock has broken out of a symmetrical triangle on the daily chart with a significant increase in trading volume, indicating a potential breakout. If the price closes above ₹660, it may reach short-term targets of ₹750 and ₹780.
    • Mandar Bhojane, Equity Research Analyst, Choice Equity Broking.

  2. Midhani | Buying Range: ₹500 | Stop Loss: ₹429 | Target: ₹580-₹600

    • The stock is ready for breakout patterns on the daily chart with increased trading volume. Closing above ₹500 could lead to short-term targets of ₹580-₹600. Immediate support levels at ₹457 can be seen as buying opportunities on dips.
    • Mandar Bhojane, Equity Research Analyst, Choice Equity Broking.

  3. BEL | Buying Range: ₹330 | Stop Loss: ₹290 | Target: ₹380-₹400

    • The stock has broken out of range on the daily chart with increased trading volume. Closing above ₹330 may result in short-term targets of ₹380 and ₹400.
    • Mandar Bhojane, Equity Research Analyst, Choice Equity Broking.

  4. YES Bank | Buying Range: ₹26.65 | Stop Loss: ₹24 | Target: ₹31

    • The stock trades above key moving averages like the 20-day and 50-day SMA, with momentum readings like the 14-day RSI rising and not overbought, indicating a continuing intermediate uptrend.
    • Subash Gangadharan, Senior Technical/Derivative Analyst at HDFC Securities.

  5. Inox Wind | Buying Range: ₹158.5 | Stop Loss: ₹150 | Target: ₹186

    • Technical indicators are positive as the stock trades above the 20-day and 50-day SMA, with momentum indicators like the 14-day RSI climbing and not overbought. Buying can be initiated at the current market price, with additional buys on dips down to ₹152.
    • Subash Gangadharan, Senior Technical/Derivative Analyst at HDFC Securities.

Disclaimer: The recommendations, suggestions, views, and opinions provided by the experts are their own and do not represent the views of this publication. Investing in the stock market involves risks, and it is important to conduct your own research or consult with a financial advisor before making any investment decisions. The publication is not responsible for any losses incurred as a result of following the expert advice provided herein.

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