Yes Bank: Say Yes

Yes Bank is one of the leading new age private banks and which got in the new with the failed $1 billion QIP (Qualified Institutional¬†¬†Placement). The stock responded negatively to failed QIP with a close to 8% haircut and fear of a temporary overhang on the stock. The failed QIP without any changes in the underlying business could provide an opportunity to enter the stock while living with the risk of temporary overhang on the stock on account of the failed QIP. The failed QIP could lead to bigger cuts in the stock price. Continue reading “Yes Bank: Say Yes”