Accumulate Yes Bank, advises Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Buying into the 200 DMA is a fairly decent strategy given that Yes Bank is not going out of business etc. You can easily buy 50 percent at these prices and maybe add as we go to the 200 DMA because the fall has been from a fairly high level. So, chances are by the time 200 day moving average comes in, the fall must be pretty much getting done and possibly long term investors will start looking at the stock."

"So, this is the right time to start accumulating Yes Bank," he added.