The stock market is the only place in the world where people come for easy money and get left out with no money and a bad experience, never to return to the market. Because there is a general tendency to make quick money out of penny stocks or cheap stocks, and this is not for India only every capital market in the world have the same pattern. We already know how much wealth has been destroyed in Yes Bank but still, there are people who have fancy and propagate the story of Yes Bank. We have to accept that it's a dead cat and look for other opportunities in the market. Before any of the analyst or institution, we had given the double-digit target in Yes Bank when it was trading above Rs.400. And the lowest point was at Rs.5. SBI took over just not to create a panic among account holders, no other player would have shown such courage. Our country needs public sector entities for safety and growth of the most common people of the nation, private players only look for their profit and that is also not wrong in any sense. Now again when we come to the FPO smart and sensible people should totally stay away and reward yourself a peaceful sleep at night. Over a period of time, the bank's balance sheet and profitability have to be improved then only expect some magic in the stock price. Also after the announcement of FPO the live market prices of Yes Bank have corrected. So in short one should stay away.
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