Stock market today: Yes Bank shares hit 52-week high. Buy, hold or book profit?

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Stock market today: Yes Bank shares have been in uptrend for near one month. However, it seems that the private bank stock is still not in mood to stop its rally. Yes Bank share price today opened upside and went on to climb to a new 52-week peak of ₹23 per share levels on NSE, logging an intraday gain of near 5 per cent during Monday stock market deals.

According to stock market experts, Yes Bank shares are looking strong from both technical and fundamental perspective. They said that Yes Bank shares have broken 200 days exponential moving average (DEMA) for the first time in near four years. Market experts said that Yes Bank shares are looking positive on chart parttern after giving fresh breakout on chart pattern at ₹21 apiece levels.

So, in short term, one can expect the banking shares to touch 25 and ₹28 apiece levels. Also Read: Salasar Tehno to consider issuance of bonus shares this week. Share jumps 8% Highlighting upon the strong fundamentals that may continue to help Yes Bank share price rally, Rakesh Bansal, Co-founder & Co-partner at Rakesh Bansal Ventures said, “Yes Bank's fundamentals are looking strong after 2018 crisis.

In annual report of Yes Bank, the private lender has reported that it has 75 lakh happy customers. The lender has also reported 3.54 lakh crore total assets and 2.03 lakh crore total advances." "In current age of digital payments, Yes Bank is number one in UPI payments and NEFT outward transactions. It governs 22.80 per cent market share in digital payments transaction volume in India.

Apart from this, Yes Bank Ltd has 1,192 branches in 700 cities across India. Its total number of ATMs are around 1300 in these 700 cities. Most importantly, its ESG score among Indian banks is 68/100," said