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I have in the past once written on Yes Bank with my view being to ignore Yes Bank as a stock to “Buy”. The price when I wrote the post was around 185, today it trades a touch below the 50 Rupee mark. The world of finance operates based on Trust. Lose that trust once, its difficult if not impossible...
While most new private sector bank stocks had a flat year in 2013, for Yes Bank, it turned out to be an awful year with the stock losing nearly 20% by the time the year ended. The first month of this year seemed to suggest that 2014 may turn out to be even worse for the stock as it lost...
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