On Monday, YES Bank shares continued to rise and increased by 9% in the early trading session amid brisk trading activity and news coverage of the private lender. In the past two trading sessions, the stock has increased by more than 13%.

On Monday, Yes Bank's shares increased by about 9% to Rs 18.83 before partially reversing course, giving it a market valuation of more than Rs 53,000 crore. The stock increased by around 3% on Friday to close at Rs 17.34. In the previous two trading sessions, the stock rose 13%.

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Investors holding the troubled lender in their portfolios are perplexed as to whether the worst is behind them or if there are still more snags ahead for the company. Market participants advise investors to think carefully before making any snap decisions and look at the lender's financial performance.

The conclusion of a debt dispute clearly bodes good for the private lender, according to Kranthi Bathini, equity strategist at WealthMills Securities, who also noted that it is too early to say whether the worst is past. He claimed that "this has generated sentimental optimism and buying interest in the counter."

It is necessary to look at the lender's financial performance before drawing any final conclusions. Then, Bathini. "The stock will only perform miracles if YES Bank is able to improve its asset quality and return ratios over the quarters and this growth is reflected in its financial health."

A settlement has been struck between media mogul Subhash Chandra and JC Flowers Asset Reconstruction Company (ARC), the asset reconstruction division of YES Bank. The debt was Rs. 6,500 crore. According to the arrangement, Chandra would pay JC Flowers Rs. 1,500 crore in exchange for JC Flowers accepting a 75% decrease in the debt.

According to the sources, Subhash Chandra was able to reclaim control of the family's interest in three properties, including a central Delhi bungalow, Dish TV, and Zee Learn, thanks to this payment. According to the sources, the settlement's conditions provide for an initial 15% payment to be made within the first 30 days, with the remainder sum being spread out over the following six months.

Earlier, as part of the bank's transfer of a non-performing asset (NPA) portfolio of Rs 48,000 crore to the ARC for just over Rs 11,183 crore in December 2022, JC Flowers ARC had acquired assets from YES Bank at a discounted price. Zee Learn, a part of Essel Group, had already indicated its intention to settle differences with JC Flowers ARC last month.

Technical analysts, however, think that the lender will continue to make gains because of the volume growth. last Monday. As of 10.30 am, 3.34 billion shares of YES Bank were traded on the BSE for Rs 61 billion, while 39.04 billion shares, worth Rs 714.55 billion, were traded on the National Stock Exchange (NSE).

After a brief period of consolidation, YES Bank displayed a bullish positive candle on the daily chart, rising past the crucial 200 period MA to improve the bias and signaling that a further rise is to be expected, according to Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher.

The short-term aim would be around Rs 18.55 levels, where there is resistance; further forward, with a clear breakout, the next target of Rs 21–22 levels would become accessible. The 16.70 zone is the short-term support. The RSI has shown a trend reversal to signal a buy, and there is potential for more upside action in the days ahead," she said.

Strong volumes and a consolidation breakout around Rs 18.45 were seen for YES Bank on a daily basis. The daily chart is revealed with accurate breakout, resistance, and target levels following a retracement from the highs of 24.75 levels to the lows of 14.40 levels. The level of 18.35 was serving as a barrier as visible on the charts, and the stock has finally overcome it, according to Sujit Deodhar, Head Technical Analyst at Wellworth Share & Stock Broking.

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The target is set at Rs. 31 levels, which is the level of the 161.80% retracement, and the next level of resistance is at Rs. 22 levels. Therefore, traders have the chance to purchase this stock at the present price of Rs. 18.50, which offers the optimum risk to reward ratio, with a stop loss placed below Rs. 16, he said.

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