Kunal Saraogi, CEO at Equityrush is of the view that one may hold YES Bank.
Kunal Saraogi, CEO at Equityrush told CNBC-TV18, "The investors must hold on YES Bank for now given that the stock is finding support at about Rs 560 and Rs 570 levels. Now it is close to that level and it bounced off it, you would do well to hold on for some more time. Wait for a pullback to exit. On a pullback the stock could get to Rs 610 level and somewhere around that I will advice to exit. For now remember to put a stoploss just before Rs 570 and hold on for now and wait for a pullback."
On September 17, 2014 YES Bank ended at Rs 586.15, up Rs 9.65, or 1.67 percent.
The share touched its 52-week high Rs 634.25 and 52-week low Rs 298.40 on 12 September, 2014 and 01 October, 2013, respectively.
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