The stock increased 1% in the previous week post brokerage. Edelweiss Securities mentioned it believes that YES Bank among other listed companies may be classified again as large-cap stock in the semi-annual Association of Mutual Funds in India analysis late during next month. YES Bank share was slightly lower in early terms of trade after four days of straight profits, in line with additional private and public banking inventories. The stock price of YES Bank unlocked higher at Rs 18.40 today and went up to as high as Rs 18.60 on BSE. Later, the stock eliminated early profits and knocked down to 0.83% to an intraday low of Rs 17.90, against the previous close of Rs 17.73. Mostly, banking and financial stocks were traded in red today as the Reserve Bank of India (RBI) alerted banks of a breakdown in asset quality and mentioned that lenders should help themselves for a difficult time, soon as the policy assistance being provided during the pandemic is withdrawn.
YES, Bank stock is marketing higher than 5, 20, 50, and 100-day shifting averages but poorer than 200-day shifting averages. The stock attained 1% in the previous week after brokerage Edelweiss Securities mentioned that it speculates that YES Bank among other listed companies may be classified again as a large-cap stock in the semi-annual Association of Mutual Funds in India which will be reviewed later in the next month. Edelweiss firmly believes that along with Yes Bank, Jubilant FoodWorks, Gland Pharma, PI Industries, Adani Enterprises, Hindustan Aero that pertain in the mid-cap category recently, will move from midcap to the large-cap classification in the current list of big, mid, and small-caps by AMFI. The reporter said that the final and official list of Large, Mid, and Small caps will be published by AMFI by 1st week of Jan-21. This will be beneficial for the period of Feb-21 to Jul-21. Mutual funds in Indian will have to re-align the strategies within a month.
