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Yes Bank Crash: Who's Been the Worst Hit?
Oct 7, 2019


One of the main reasons for writing about Yes bank today is some worrying data that I came across.

I was analyzing the trend in the private sector bank's shareholding pattern over the last one year.

What I found made me nervous and worried - individual investors have been the worst hit by the Yes Bank share price crash.

The chart shows the number of shares held by individual shareholders holding nominal share capital up to Rs 1 lakh.

As you can see, the total shares held by individual shareholders holding nominal share capital up to Rs 1 lakh increased from 14.5 crore shares at the end of June 2018 to 43.4 crore at the end of June 2019. That's a drastic 200% jump in just one year.

Even the total number of individual shareholders that held Yes Bank shares increased by 195% from 3.76 lakh at the end of June 2018 to 11.08 lakh at the end of June 2019.

My message to all individual investors is to not confuse the cheapness in share price for cheapness in valuations. So, do not blindly buy shares of battered stocks expecting them to rebound to their earlier levels.

Data Source: Ace Equity

This Chart Of The Day was published in The 5 Minute WrapUp - Finally, Is the Share Price of Yes Bank Ready for a Rebound?

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