Friday, 26 April 2019

YESBANK POSTS BIGGEST QUARTERLY LOSS IN 14 YEARS.

Private sector lender YESBANK on April 26 posted its biggest quarterly loss in 14 years owing to rise in provisioning for bad loans including IL&FS Group and Jet Airways.

The loss for quarter ended March 2019 stood at Rs 1,507 crore against profit at Rs 1,179.44 crore in the same period last year.
Net interest income during the quarter increased by 16.3 percent year-on-year to Rs 2,506 crore.

Other income (non-interest income) fell sharply by 62.6 percent to Rs 532 crore and operating profit plunged 38 percent to Rs 1,323.4 crore in Q4.


Provisions and contingencies increased to Rs 3,661.7 crore, showing a massive rise of 565.5 percent sequentially and 816 percent year-on-year due to IL&FS Group and Jet Airways.
Asset quality also worsened during the quarter ended March 2019. Gross non-performing assets (NPA) as a percentage of gross advances were higher at 3.22 percent against 2.10 percent in previous quarter. Net NPA also increased at 1.86 percent against 1.18 percent in December quarter.

In absolute terms, gross NPA jumped by 53 percent to Rs 7,882.56 crore and net NPA also increased by 56 percent to Rs 4,485 crore.

MY VIEW - YESBANK WILL OPEN GAP DOWN ON TUESDAY RESULTS ARE NOT GOOD MAY SLIP TO 220.

DISCLAIMER - MAKE YOUR OWN RESEARCH BEFORE TAKING ANY DECISION OR ASK TO YOUR FINANCIAL ADVISOR I AM JUST SHARING MY PERSONAL VIEW.


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20 comments:

  1. Anonymous27 April 2019 at 13:25

    Hello sir..long term what is your suggestion for yes bank..im holding 100 from 340..can i average near 200 or wait for more downfall

    ReplyDelete
    Replies
    1. Raj Dattani27 April 2019 at 13:34

      For long term you can buy on any dips near 200 or below 200 it is very good for long term no problem

      Delete
    2. Unknown27 April 2019 at 14:16

      Already holding some quantity shall i buy more if dip below 200

      Delete
    3. Raj Dattani27 April 2019 at 14:24

      Yes just keep view of 2-3 years

      Delete
  2. Unknown27 April 2019 at 13:49

    Holding yb 450 @ 167 can add some if go down below 200.

    ReplyDelete
  3. Unknown27 April 2019 at 15:09

    Can i add yb in dips if go below 200.already holding some

    ReplyDelete
  4. Unknown28 April 2019 at 08:01

    Raj sir
    Any advice for godrej properties
    Can accumulate in dips
    Thanks

    ReplyDelete
    Replies
    1. Raj Dattani28 April 2019 at 10:27

      Godrej properties is good fundamental stock if you want you can accumulate generally I don't prefer long term bet in real estate sector but Godrej properties is good no problem

      Delete
    2. Unknown28 April 2019 at 12:41

      Thanks a lot sir

      Delete
  5. SD Pandey28 April 2019 at 14:15

    Dear Raj Sir,
    I am watching your calls from last 3 -4 days and your picks are excellent.

    I lost hues money in last one year and stop the trading, after watching your calls confidence comming again.

    Sir thanks for helping people without any charges, I wish to god for your long life and health.
    I wd request you please suggest if anybody want to learn from you is it possible.

    Thank you
    SD Pandey

    ReplyDelete
    Replies
    1. Raj Dattani28 April 2019 at 15:25

      Thank you very much

      Hope for the best for you.

      Nope learning is not possible market is always supreme

      Delete
  6. Rajbir singh29 April 2019 at 11:51

    Hello sir
    Having godrej consumer @669
    Please suggest target and stop loss
    Thanks

    ReplyDelete
  7. Dhaval J Mehta30 April 2019 at 16:16

    Is yes bank a buy now?

    ReplyDelete
    Replies
    1. Raj Dattani30 April 2019 at 16:21

      It depends on how is your view

      If you view is of 2-3 years than you can definitely accumulate between 140-170 no problem.

      But if your view is of short term than it is very difficult to make profit in it.

      Delete
  8. sagar2 May 2019 at 00:21

    Any view on TVs motor

    ReplyDelete
    Replies
    1. Raj Dattani2 May 2019 at 00:23

      TVS already now broken it's major support at 500 now next support is at 470

      Delete

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