Hi guys,
Extremely happy today!
MY target was 18 by jan to march 2023 and todays high was 17.95. They will be doing one of the largest capital raise and these 2 PE firms will be board members as well. I am confident of yes bank sustaining 18 to 20 my this financial year end and a long term view of 35 to 50(FY 25 end).
Now you will see DII entering into this and slowly slowly there will be research report on this giving buy targets all this is going to build up slowly here.
Why is it up today? there is a news in market that THE ADITYA PURI who has built 20 lakh cr bank HDFC bank is one of the senior advisor of Carlyle and there is a high chance of him coming into yes bank board. Yesbank is up by 15% when all of this is just speculative but if all of this comes out to be true then this stock is going to fly.
Adity puri being senior advisor of Carlyle is true. What my point is once speculation comes into a stock and there is a craze in market nothing works on valuation. Yesbank went from 5rs to 80rs in 4 days. Such move is not possible now but we neve know when thing trigger.
If you ask me I don’t want to price in all of this news as of now but certainly the future is bright here
According to valuations it is overpriced as of now but nobody knows to what extent it can be overprized and for how much time.
Prashanth kumar was asked weather aditya puri will join or not. Above article will give clarity
