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Yes Bank shares, over the last few months had turned into the least wanted stocks for investors. There has been a total change in investors' preference now. In fact, it has turned out to be one of favorite stocks for investors in the month of December. Yes Bank shares have seen a massive uptrend this month, and today was no different, as the bank was among the top performer on indices. At around 11:07 hours, the Yes Bank shares were trading at Rs 184.60 per piece, above by Rs 5 or 2.78%. However, in early opening session, the bank touched an intraday high of Rs 187.10 making an overall gain of 4.18%. 
Yes Bank shares have risen by more than 10% on Sensex in just 20 days of December. Notably, the bank was at Rs 169-level by end of November 30, 2018. 
Currently, it is hard to find why there is such an uptrend in Yes Bank stock, however, many are positively eyeing the impending announcement of new CEO and MD of the bank by end of January, 2019. 
<blockquote data-lang="en"><a href="https://twitter.com/hashtag/10KiKamaai?src=hash&amp;ref_src=twsrc%5Etfw">#10KiKamaai</a> | बैंकिंग सेक्टर के किस शेयर को चुना आज मार्केट एक्सपर्ट वी के शर्मा ने आपकी कमाई के लिए।<a href="https://twitter.com/AnilSinghviZEE?ref_src=twsrc%5Etfw">@AnilSinghviZEE</a> <a href="https://twitter.com/dkalra81?ref_src=twsrc%5Etfw">@dkalra81</a> <a href="https://t.co/TvJMMlb6IH">pic.twitter.com/TvJMMlb6IH</a>
— Zee Business (@ZeeBusiness) <a href="https://twitter.com/ZeeBusiness/status/1075635461576646656?ref_src=twsrc%5Etfw">December 20, 2018</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>RBI had directed Yes Bank to end their current chief Rana Kapoor's tenure by January, 2019, and a new CEO is to take up charge from February 01, 2019. 
On Wednesday, Yes Bank had an analysts and investors call. Earlier on Tuesday, the bank sold 12,337,323 equity shares having nominal value of Rs.10/- each, constituting 2.1279% of the paid-up share capital of Fortis Healthcare Limited ('FHL'), in various tranches. 
Further on the same day on December 18, there were reports that mentioned that has recommended Brahm Dutt for post of Chairman. However, Yes Bank has given no clarity on this development.
What's ahead?
As 2018 year ends, the biggest change slated to happen in Yes Bank is none other than getting a new CEO and that too, one viewed positively by the markets. 
Yes Bank's search committee has engaged with the suitable candidates for finalization of a candidate. The final recommendation will be submitted to the Reserve Bank of India by the Board of Directors post their next meeting scheduled on January 9, 2019. 
Additionally, many are also hoping for new developments in Yes Bank under new chief. 
The shares may be up, but earlier Moody's Investor Services, Care Ratings and ICRA had given negative outlook on Yes Bank. 
But Moody's also stated that, the rating outlook could return to stable if (1) Yes Bank maintains its current asset-quality ratios and there is no adverse impact from the RBI's risk-based supervision exercise; (2) the bank manages to raise new equity capital and bring its capital ratios in-line with similarly rated peers in India; and (3) the bank's funding profile remains stable without weakening its net interest margin.
Where is the stock headed?
According to Mustafa Nadeem, CEO, Epic Research, "We may see some consolidation going forward but yes buying on dips in this stock is on the cards for the next few weeks for a decent double-digit return."
Majority of experts have still given a buy target on Yes Bank. Latest one would be Macquarie, which has given outperform views on Yes Bank shares with target price of Rs 310 in 12 month upside of 41.3%.

Yes Bank shares, over the last few months had turned into the least wanted stocks for investors. There has been a total change in investors' preference now. In fact, it has turned out to be one of favorite stocks for investors in the month of December. Yes Bank shares have seen a massive uptrend this month, and today was no different, as the bank was among the top performer on indices. At around 11:07 hours, the Yes Bank shares were trading at Rs 184.60 per piece, above by Rs 5 or 2.78%. However, in early opening session, the bank touched an intraday high of Rs 187.10 making an overall gain of 4.18%. Yes Bank shares have risen by more than 10% on Sensex in just 20 days of December. Notably, the bank was at Rs 169-level by end of November 30, 2018. Currently, it is hard to find why there is such an uptrend in Yes Bank stock, however, many are positively eyeing the impending announcement of new CEO and MD of the bank by end of January, 2019. #10KiKamaai | बैंकिंग सेक्टर के किस शेयर को चुना आज मार्केट एक्सपर्ट वी के शर्मा ने आपकी कमाई के लिए।@AnilSinghviZEE @dkalra81 pic.twitter.com/TvJMMlb6IH— Zee Business (@ZeeBusiness) December 20, 2018RBI had directed Yes Bank to end their current chief Rana Kapoor's tenure by January, 2019, and a new CEO is to take up charge from February 01, 2019. On Wednesday, Yes Bank had an analysts and investors call. Earlier on Tuesday, the bank sold 12,337,323 equity shares having nominal value of Rs.10/- each, constituting 2.1279% of the paid-up share capital of Fortis Healthcare Limited ('FHL'), in various tranches. Further on the same day on December 18, there were reports that mentioned that has recommended Brahm Dutt for post of Chairman. However, Yes Bank has given no clarity on this development.What's ahead?As 2018 year ends, the biggest change slated to happen in Yes Bank is none other than getting a new CEO and that too, one viewed positively by the markets. Yes Bank's search committee has engaged with the suitable candidates for finalization of a candidate. The final recommendation will be submitted to the Reserve Bank of India by the Board of Directors post their next meeting scheduled on January 9, 2019. Additionally, many are also hoping for new developments in Yes Bank under new chief. The shares may be up, but earlier Moody's Investor Services, Care Ratings and ICRA had given negative outlook on Yes Bank. But Moody's also stated that, the rating outlook could return to stable if (1) Yes Bank maintains its current asset-quality ratios and there is no adverse impact from the RBI's risk-based supervision exercise; (2) the bank manages to raise new equity capital and bring its capital ratios in-line with similarly rated peers in India; and (3) the bank's funding profile remains stable without weakening its net interest margin.Where is the stock headed?According to Mustafa Nadeem, CEO, Epic Research, "We may see some consolidation going forward but yes buying on dips in this stock is on the cards for the next few weeks for a decent double-digit return."Majority of experts have still given a buy target on Yes Bank. Latest one would be Macquarie, which has given outperform views on Yes Bank shares with target price of Rs 310 in 12 month upside of 41.3%. 

Yes Bank shares have risen by more than 10% on Sensex in just 20 days of December. Notably, the bank was at Rs 169-level by end of November 30, 2018. 

Investors favorite stock? Rana Kapoor led Yes Bank stock rises over 10%; what&#039;s ahead?

Investors favorite stock? Rana Kapoor led Yes Bank stock rises over 10%; what's ahead?

news-investors-favorite-stock-rana-kapoor-led-yes-bank-stock-rises-over-10-whats-ahead-76694

Yes Bank shares, over the last few months had turned into the least wanted stocks for investors. There has been a total change in investors preference now. In fact, it has turned out to be one of favorite stocks for investors in the month of December. Yes Bank shares have seen a massive uptrend this month, and today was no different, as the bank was among the top performer on indices. At around 11:07 hours, the Yes Bank shares were trading at Rs 184.60 per piece, above by Rs 5 or 2.78%. However, in early opening session, the bank touched an intraday high of Rs 187.10 making an overall gain of 4.18%.  Yes Bank shares have risen by more than 10% on Sensex in just 20 days of December. Notably, the bank was at Rs 169-level by end of November 30, 2018.  Currently, it is hard to find why there is such an uptrend in Yes Bank stock, however, many are positively eyeing the impending announcement of new CEO and MD of the bank by end of January, 2019.  #10KiKamaai | बैंकिंग सेक्टर के किस शेयर को चुना आज मार्केट एक्सपर्ट वी के शर्मा ने आपकी कमाई के लिए।@AnilSinghviZEE @dkalra81 pic.twitter.com/TvJMMlb6IH — Zee Business (@ZeeBusiness) December 20, 2018 RBI had directed Yes Bank to end their current chief Rana Kapoors tenure by January, 2019, and a new CEO is to take up charge from February 01, 2019.  On Wednesday, Yes Bank had an analysts and investors call. Earlier on Tuesday, the bank sold 12,337,323 equity shares having nominal value of Rs.10/- each, constituting 2.1279% of the paid-up share capital of Fortis Healthcare Limited (FHL), in various tranches.  Further on the same day on December 18, there were reports that mentioned that has recommended Brahm Dutt for post of Chairman. However, Yes Bank has given no clarity on this development. Whats ahead? As 2018 year ends, the biggest change slated to happen in Yes Bank is none other than getting a new CEO and that too, one viewed positively by the markets.  Yes Banks search committee has engaged with the suitable candidates for finalization of a candidate. The final recommendation will be submitted to the Reserve Bank of India by the Board of Directors post their next meeting scheduled on January 9, 2019.  Additionally, many are also hoping for new developments in Yes Bank under new chief.  The shares may be up, but earlier Moodys Investor Services, Care Ratings and ICRA had given negative outlook on Yes Bank.  But Moodys also stated that, the rating outlook could return to stable if (1) Yes Bank maintains its current asset-quality ratios and there is no adverse impact from the RBIs risk-based supervision exercise; (2) the bank manages to raise new equity capital and bring its capital ratios in-line with similarly rated peers in India; and (3) the banks funding profile remains stable without weakening its net interest margin. Where is the stock headed? According to Mustafa Nadeem, CEO, Epic Research, We may see some consolidation going forward but yes buying on dips in this stock is on the cards for the next few weeks for a decent double-digit return. Majority of experts have still given a buy target on Yes Bank. Latest one would be Macquarie, which has given outperform views on Yes Bank shares with target price of Rs 310 in 12 month upside of 41.3%.  