InvestorQ : How Yes Bank bounce back sharply on 06 March after touching as low as Rs.6/share. Does it mean that we can buy that stock at this price?
Mary Joseph made post

How Yes Bank bounce back sharply on 06 March after touching as low as Rs.6/share. Does it mean that we can buy that stock at this price?

Answer
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Arti Chavan answered.
6 months ago


We need to be clear that Yes Bank has been putting under administered. That means the assessment of its assets and liabilities will be made first and whatever is the net value will belong to the shareholder. Most likely, the stock will not be worth too much. But you must wait for the final report of the administrator by early April which will put out a clear cut plan for the future of Yes Bank. There is no clarity on whether Yes bank will be revived or allowed to go like Global Trust Bank in 2004. The move by the RBI is just to ensure that depositors and creditors don’t lose out so you need to be cautious about trading in this stock. It is ok for high risk trading but any form of long term investment view on the stock is going to be quite dangerous.