Shahina Mukadam, Independent Market Expert told CNBC-TV18, "The charts as well as the fundamentals support a medium to longer term holding in Yes Bank. The numbers were reported today and very strong set of numbers. We have seen a good loan book growth of about 33 percent. They have managed their nonperforming assets very well. It is one of the lowest, they are managing to hold it at the last quarter levels.""Also the issue out here is that there is qualified institutional placement (QIP) in the very recent, next couple of weeks, within three months. There, I think will add to the book value, so on a price to book basis also then it will become relatively attractive over a six months to one year period.""One should keep a stoploss just for capital protection and hold it, take part in this rally. Shorter-term, I think Rs 1,200 is a strong resistance but if it could cross that then maybe we are in for higher levels," she added.
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