Troubled private sector lender Yes Bank stock declined by 10 percent during early trade as the shares issued by the bank under follow-on public offer were listed on the markets.
Brokerage house Emkay Global has suggested BUY rating for private banking major HDFC Bank with target price of Rs 1300 for a medium term perspective. HDFC Bank is currently trading at Rs 1142.
Private sector lender Yes Bank’s follow-on public offer will open today. The bank has informed that it has already raised Rs 4500 crore from anchor investors.