Yes Bank dives 11 % in a single day

Yes Bank share is trading almost at the lowest levels from its all time high. But for some time was trying to gain strength. Even it got doubled from its low. Yes Bank started a sharp rally from 23 to 32 i.e near about 40 % in 4 days only. But today it yanked 11 % in a single shot registering a high of 32.35 and low of 28.00.

This counter is already 208% up from its Aug 2021 levels. Banking sector has generated massive wealth for its investors. Yes Bank also gave a good chance to its cheerleaders to participate in this rally. In the longer term, one can really rely on India’s growth story which is dependent on its burgeoning financial sector.