Yes Bank had not under-performed even in Q1 FY 14. Since then, except for the family feud and RBI`d liquidity tightening - there was nothing else to suggest any under performance by Yes Bank.
Recent pronouncements by New Governor of RBI are quite encouraging. Even if no fresh change in interest rates comes, liquidity tightening will ease - in my opinion. In any case, Yes Bank will continue to be an excellent performer. Being underweight in Banking sector is one thing. But, recognizing that only Public sector is under performing is another thing. Private sector banks are doing well. Among them, Yes bank also is a great performer. A slight decrease in performance in Q2 , if any, will also get reversed in Q3 onwards. So, I feel there is no need to get scary about private Banks in India in general - and definitely not about well performing Banks like IndusInd, Yes Bank, Axis Bank, HDFC Bank and ICICI.
No, I do not think so, it will not outperform ,this rally is because of New RBI Governor policy statement, fundamentally banking sector is weak, it is a scary situation, we should be cautious on going long as Yes Bank. which was trading at 227 has gone up to 298 in 3 trading sessions which has to be kept in mind, we should wait for RBI policy in Sept to go long if there is positive news from central bank news. Almost all PSU banks including SBI have not participated in current rally to the extent based on uptrend in Bank Nifty.
yes is a multibagger only issue currently is the famil feud and its low CASA as compared to other banks and it dependence on short term borrowing, with each passing yr it is improving and hopefully this management tussle will also be settled, it will not look back then.
as it has been beaten down so much and has suddenly become operator driven with cheap valuations that fundamental buying is also not happening coz of so much fluctuation in daily price
hopefully will settle soon,currently it is a good bet for brave hearts
I`m not sure why people are running after companies opening new banks than good banks which are trading at low values now like Yes Bank and Axis Bank. Looking at the past trading valuations, yes and axis are like in a multibagger situations for next couple of years
Yup, I`m very bullish on long term, I`ve been buying in cash segment in this decline, which I will hold for long term till I get good appreciation.
Right now, the trend of short on rise is also changed. I am personally only hedging my Calls with puts to safeguard any crazy event. Let`s say US bombs Syria and markets panic, that will be time to book out of puts and hold longs for stabilised situation. So hedging the longs with a certain percentage of longs for safety. Some of the sentiments have reversed for now.
Now eagerly watching for Advance Tax Numbers, US Fed meeting, then RBI meeting. Will then take a call on next trend. I am going to go long nicely in october on dips as I believe results should be better than expectations. Finger crossed ;P
I think you can wait to see the Advance Tax numbers, Yes Bank has been consistent with advance tax numbers, they`ve been giving 30% kind of growth numbers on ATs and the net profits are usually nearby too. If they give great advance tax numbers this mid september, I think one can find safety in buying on dips with hopes of good results coming next month. Although the optimism is going well right now, there could be more people waiting to buy post good AT numbers.
Hey , I do not mean MJ .It was a general observation after seeing so many boarders writing that YB will go to 100-120 and will not recover soon. I am very bullish on YB but I am already overweight on YB and just want market to stabilize before buying anymore.
I would agree 100% with SBEEji and my personal experience though may not be universally true is that it is not the identification of price points which is difficult, but it is the greed to execute at those price points which is difficult and it is these non execution owing to the greed that causes the major hindrance in making money in the market and it holds true on the buy or sell side.
Many of us maybe looking for a price point of INR 500-600/- in the next 3 years for YB considering a CAGR return of 23-33% based on the buy price between 220-290/-. If a stock is giving that type of return I am sure we should not be really worried what the price point we buy is. As mentioned by many of the boarders the right way maybe to SIP between these levels and am sure most of us would end up making decent returns.