Hi Guys,
I have been tracking YES BANK very closely so how could I miss out here.
My view is this is a sure shot sell candidate. There is no way yes bank is going to run this business. They themself have a lot of problem to cater. I feel they will sell this company after 8 to 12 months from today. What happened with ZEE is going to happen here as well. As of today people are extremely excited and they feel that tomorrow it is going to be bought that is the reason there is jump in share price. It was extremely overvalued at 20 and I offloaded 50% of my position there. Buying it back close to 15 will be a good strategy and there is high chances that you might end up making 2x or 3X kind of return from 15.
Please note that they are loosing market share and not in a good situation. The only reason they are surviving till now is that they are generating positive cash flow. If they are not acquired then there is high chance that you might loose lot of money here. Be cautious and IMO you allocation here should not be more than 5%
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