the BSE500 index, as well as the specific case of YES Bank’s stock. Here’s a summary of the key points:
- Retail-Heavy Stocks’ Performance:
- Shares of YES Bank Ltd, Tata Steel Ltd, State Bank of India (SBI), Infosys Ltd, and Life Insurance Corporation of India Ltd (LIC) are among the 15 top retail-heavy stocks on the BSE500 index.
- Data from corporate database AceEquity indicates that these retail-heavy stocks have not matched the overall stock market returns in 2023 so far.
- YES Bank’s Performance:
- YES Bank was a popular choice among small investors, with 48.21 lakh retail investors holding up to Rs 2 lakh worth of YES Bank shares as of June 30.
- However, YES Bank’s stock performance has not been favorable for investors in 2023. The stock fell by 18 percent year-to-date.
- In contrast, the broader BSE500 index experienced a rise of 7.89 percent during the same period.
- Investor Sentiment and Target Price:
- The article mentions that an average target price for YES Bank’s stock is Rs 15, as per Trendlyne. This suggests a potential downside of 11 percent from the current price level.
- The information indicates that investor sentiment towards YES Bank’s stock might not be very positive, as indicated by the potential downside suggested by the average target price.
SBI (State Bank of India) has experienced a decline of 7.79% in its shares year-to-date. However, analysts have an average share price target of Rs 711, indicating a potential upside of 25%.
It is important to note that stock price targets are based on various factors and analyst opinions, and they are not guaranteed outcomes. The actual performance of a stock can be influenced by numerous market conditions and factors specific to the company.
Small investors, who own around 6.16% of SBI’s stake, may consider this potential upside when evaluating their investment in the bank.
