Sudarshan Sukhani, s2analytics.com advises to exit from Yes Bank around Rs 500.
Sukhani told CNBC-TV18, “ Yes Bank is an appropriate candidate where one should take profit out of the market. The point is that it is reporting its results today. I have no way of knowing what the results will be. So, might as well be patient.”
He further added, “The broad market is in some kind of an uptrend. Therefore, in the next 10-15 days this uptrend will mature and the investor must then consider getting out of Yes Bank at least partially. So, wait for 10-15 days, hopefully one will get better price then get out. I think the investors should get out somewhere around Rs 500.”