Yes Bank Technical Fundamental Outlook

By | October 1, 2018

Yes Bank has taken a big bang beating From the Life High of 404 to low of 166 in less than 2 months. Many of blog readers asked me how i see stock, I have shared both Technical and Fundamental Outlook for the Stock.

 

Supply Demand Analysis

Strong Support in range of 166-157 Holding the same we can see rally towards 212/227 in extreme short term. Range of 227-233 will ask as Strong Resistance zone.

Planetary Cycle

As per Astrological cycle also we are near important support zone marked by red line, Holding the same we can see bounce back towards the blue line resistance zone of 227-223

Short term traders can take trade in range of 199-203 with Sl of 188 for a move towards 212-220-225.

Long Term Traders can use Dips in range of 166-157 with Strict SL of 132 for a target of 288/323/343 in next 1-2 Year time frame.

 

Below are the Fundamental Updates

Succession Planning

The bank is very well equipped for the succession of the MD & CEO. In accordance with the Board of Directors meeting dated September 25, 2018, two external experts of the ‘Search & Selection Committee’ shall be decided by October 7th, 2018. This ‘Search & Selection Committee’ will assess both the internal and external candidates, thereby make appropriate recommendations to the Board of Directors to later submit it to the RBI.

Executive Directors

Following the Board of Directors meeting held on September 25, 2018, it has been decided to appoint two senior leaders of the Bank as ‘Executive Directors’. For the same, the Bank has submitted its application to the RBI for their approval.

Let’s Talk Numbers

Here are some figures and statistics. As on 30 September 2018, Yes Bank has a satisfactory financial position, based on unaudited Q2FY19 reports.

Further, the deposits increased to approximately 41% YOY, aggregating to approximately 2.23lakh crores, as on 30 September 2018.

The CASA Ratio stood at approximately 33.8%, which is a growth of 28.2% YoY. The clouds seems to have been cleared.

In fact, as on September 30, 2018, the Loans & Advances saw a growth of approximately 61.5% YoY, across the Corporate, IBU, MSME and Retail segments, that aggregating to an approximate of Rs. 2.40 Lakh Crores, out of which Domestic Advances aggregated to an approximate of Rs. 2.20 Lakh Crores. This is a growth of almost 56.4% YoY.

The gross NPA has reduced to 1.35% of the gross advances as of September 30th, 2018. Looks like good days ahead for investors too.

This information has been released before the official announcement of the financial results for the quarter ended September 30, 2018, and is to be approved by the Audit Committee of the Board, Board of Directors and reviewed by the statutory auditors of the Bank.

 

Asset Quality, Liquidity Coverage

Further, as per the market speculation pertaining to the asset quality of the bank, the management has come to the forefront and clarified that the asset quality is surely stable and the credit cost guidance is at 50-70 bps for the FY19 (76 bps for FY18).

Also, the bank currently has a liquidity coverage ratio of 101% as of September 30th, 2018 which means that it is 11 points in excess of the minimum requirement of 90%. Further, the average daily LCR for the Q2 FY19 turns to be 100%. The recent RBI measures of easing the static liquidity should further benefit the liquidity position of Yes Bank.

The analysts’ conference call for YES BANK has been scheduled on October 1st, 2018 at 4:00 PM IST and those who would like to hear the details can access site post 10 PM at the following link.

https://www.yesbank.in/about-us/investors-relation/financial-information/financialresults

 

 

7 thoughts on “Yes Bank Technical Fundamental Outlook

  1. Srini Vasalu

    “thank you” is not enough to express my gratitude and appreciation. you are an admiration for me..

  2. Chetan Mehta

    Brahemsh Sir,

    Thank you very much for Valueable Technical Analysis on Yes Bank.

  3. Sanjay

    Thank you for the analysis on Yes bank. Sir, could you give us an analysis on Shree Renuka Sugar please?

  4. MG

    Thank you for your analysis and views on this Sir. As always, very beneficial for all readers. Very concise.

  5. sathyanramalingam

    Dear Bramesh Ji ,
    Thank you very much for your Valuable Analysis

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