Management has said that in the next quarter we would see the effect of arc transferer in financial statement. They have been saying this from last 5months but this time they ae just waiting for RBI approval. They said that they are ready to take an immediate 10% stake instead of 20% if that causes any delay in approval.
Same is the case with capital raising as well which is pending for approval.
On the deposit side(Private and government CA), borrowing side (equity or debt) and investment side (DII and FII) all of these category have basic screener for a company to become a probable investment. Till now yesbank was not qualifying that but after asset transfer lot of window dressing will happen. We will be surprised to see all the ratios and numbers suddenly going up like NIM,RWA,GNPA,NNPA etc. In short it will be included in more mutual fund schemes and qualify as an investment candidate.
Compared to last year I can see more number of brokerage house now covering this stock
A reverse split and two to three big FII investment can reduce the free float and retail participation. This is unlikely because even if big money comes in they are going to buy for the existing DII who are invested for last 3yrs.
I feel their inclusion in F&O can turn the tables and we can expect a good amount of reduction of float.
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