On technical levels, Yes Bank is below 10 percent of its 200-day moving average (DMA) of about Rs 21.3 per share. It’s at about Rs 19 per share.
Brickwork recently upgraded the rating on debt instruments of the bank from D to BB+.
Reports suggest the stock can be moved from midcap to largecap by the Association of Mutual Funds in India (AMFI) which could lead to inflow coming in.
The reports earlier suggested that Yes Bank may partner a few investors to form an asset reconstruction company (ARC) worth Rs 40,000 crore.
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