Yes Bank shares decline 5% after Citi maintains Sell rating
pre-market1 source ↓written by the desknot a recommendation
- in early trading
- 5%
- target price
- ₹22
- from the previous
- 5% downside
- previous close
- ₹23.24
- and reached
- ₹23.08
Yes Bank shares fell 5% in early trading after Citi maintained its Sell rating with a target price of ₹22, indicating a potential 5% downside from the previous close of ₹23.24. The stock opened at ₹23.08 and reached an intraday low of ₹22.45.
Citi highlighted that while FCNR mobilisation has diversified deposits, excess liquidity and higher leverage may pressure margins temporarily. This outlook could impact trader sentiment in the near term.
Not investment advice. For informational purposes only.