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Analysts believe that select stocks are ready for a breakout on a technical basis and may rally sharply for near-term gains.

In a notice, the Department of Investment and Public Asset Management (DIPAM) said the last date for submission of EoI is January 7, 2023, instead of December 16, 2022.

Going forward the company will grow on margins, PAT etc. on the back of strong order book and growing share of ODM revenues.

Global brokerage Morgan Stanley has initiated coverage on Yes Bank with an underweight rating and a target price of Rs 20.50. The Return on Asset (ROA) recovery beyond 1% will be gradual, said the foreign broker. The global investment bank expects strong RoA improvement to 1% by FY25, which will be helped by higher PPOP margins/lower credit costs, it said.

The stock quoted a 52-week high price of Rs 169.4 and a 52-week low of Rs 93.2.

Morgan Stanley analysts said PSU banks should see relatively higher margin expansion compared to many private banks over F22-F24, reflecting a higher starting point of liquidity, sharp moderation in NPA formation, reducing interest income reversals and lower share of wholesale deposits relative to select private banks.

A total of 18,099 shares changed hands on the counter till 12:28PM (IST)

​You can already feel that when you talk to the managements, that caution is building in, they are talking about deferment of projects and stuff like that. They are talking about utilisations moving up and their outsourcing becoming more of a in-sourcing bit. So it is obvious that things are not looking that great.

Promoters held 75.0 per cent stake in the company as of 30-Sep-2022, while FIIs owned 5.42 per cent, DIIs 9.5 per cent.

​​The share issue will translate into 5.9% stake each for both the PE firms in the private sector lender. Their stake will go up to around 10% after the conversion of the warrants