Yes Bank Ltd
Face Value Rs 10 Dividend 25%
The stock was not showing strength around 370+ levels and facing lots of resistance around 381 levels. The good results were of little help and the stock did not perform. Yesterday's announcement RBI for the basel III requirement will hit the profitability of the banks and I thinks insiders (big investors) already knew it that probably explains the muted performance of the stock despite good results. If the markets remain in bullish mood which I thinks is the case today, the stock can look for 349. Investors should not be worried about the small issues as the banks is already maintaining healthy capital adequacy ration of 17.95% as of 31st Mar 2012.
Face Value Rs 10 Dividend 25%
The stock was not showing strength around 370+ levels and facing lots of resistance around 381 levels. The good results were of little help and the stock did not perform. Yesterday's announcement RBI for the basel III requirement will hit the profitability of the banks and I thinks insiders (big investors) already knew it that probably explains the muted performance of the stock despite good results. If the markets remain in bullish mood which I thinks is the case today, the stock can look for 349. Investors should not be worried about the small issues as the banks is already maintaining healthy capital adequacy ration of 17.95% as of 31st Mar 2012.
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