Keep Rs 226 stoploss in Yes Bank: Anu Jain

47449 Investors following Yes Bank. Share this News with them.

0

Like this story, share it with millions of investors on M3

Keep Rs 226 stoploss in Yes Bank: Anu Jain

Keep Rs 226 stoploss in Yes Bank, says Anu Jain, IIFL Private Wealth Management, India Infoline.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Hold Yes Bank, says Sharmila Joshi Book profits in Yes Bank, says Shrikant Chouhan Yes Bank raises $225m via QIP, won't raise equity till FY11 ALSO READ See previous views by Anu Jain See what other Experts & Brokerages are saying about Yes Bank See messages about Yes Bank YES BANK BSE | NSE 30/05/12 Are Mutual Funds betting on YES BANK?

Keep Rs 226 stoploss in Yes Bank , says Anu Jain , IIFL Private Wealth Management, India Infoline.

Jain told CNBC-TV18, "Yes Bank not only for the day, for a longer period too but it is oversold. It has come down to levels which are bad and I think with a stoploss of Rs 226, looking to play closer to Rs 240 seems to be a fair idea."

She further added, "Even for a longer period of time for playing for Rs 264 obviously one would have to have a lot more patience and a lot more stomach for volatility. But I think these levels are fair enough to start picking the stock. For the day too, I think it is a fair play to pay for about 4-5%."

At 09:13 hrs, the share was quoting at Rs 233.60, up Rs 4.10, or 1.79% with volumes of 12,338 shares. Currently the share is 472.55% above the 52-week low of Rs 40.80.