Yes and No

Saturday, May 18, 2019

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As though being struck by some evil forces the company is finding itself neck-deep in troubles. 



The bad times became apparent in 2018, the year when accidents in markets emerged with regularity.  Be it scams,  poor results or governance issues-   all seemed to rain heavily upon us.  



At that point in time this company in question had it against the regulator RBI over retirement of its MD and CEO who had attained the age of sixty.  But this issue kept dragging on until a can of worms was unearthed!   



The operators found this perfect material for them and swung the stock price up or down as their fancies dictated. In the process hordes of retail investors got burned. 



Faulty auditing,  wrong NPA figures, irregular credit management practices are just a few allegations plaguing the business.  The stock price bore the brunt of everything and at the last trade reached about 132, down about 206% from 52-week highs.  



Yes Bank,  one of the most reputed bankers in the country has finally lost its sheen.  Smart investors would be much better off staying away from pressing the 'Buy' button against the ticker in their trading dashboard. 



 



 


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