- After being put under a moratorium, Yes Bank’s share fell to a 10-year low of ₹5.65 on 6th march.
- After falling drastically, the share saw a nominal increase till 13th March.
- The main turnaround could be seen on 16th March where it broke the 50 moving average (simple-green line and exponential-blue line).
- On 17th March, this uptrend strengthened. As it opened above the 200 moving average (simple-brown line and exponential-purple line).
- It saw a 300%+ rise in price as it closed at ₹59.15 in just 7 trading day. This might be a sign of its redemption.
RBI has implemented a unique rescue plan with the help of other state-backed and private banks infusing capital. This could be the reason that has lifted investor sentiment towards Yes Bank.