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YES Bank nears 5-year low; slips 20% in four days after UBS' downgrade

The stock slipped 8% to Rs 107 on Tuesday in intra-day trade, its lowest level since August 12, 2014 on the BSE.

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SI Reporter Mumbai
Shares of YES Bank hit nearly five-year low of Rs 107, down 8 per cent on the BSE on Tuesday, falling 20 per cent in the past four days after global brokerage firm UBS cut the target price to Rs 90 from Rs 170. The stock of the private sector lender was trading at its lowest level since August 12, 2014.

The foreign brokerage firm has maintained ‘sell’ rating on the stock saying sharp turnaround is less likely to fructify. It expects 255/200 basis points (bps) credit costs in FY20/21, higher than management guidance of 125 bps. NPL (non-performing

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