Yes Bank Shares Fall Nearly 4% as Nomura Cuts Target to Rs 18
Yes Bank shares fell nearly 4% after the Supreme Court ruling reinstating the bank’s AT1 bonds. Nomura lowered its target price to Rs 18 from Rs 23, retaining a Neutral rating.
Shares of Yes Bank slumped nearly 4% on Wednesday amid concerns over the financial and capital impact of the Supreme Court's ruling to reinstate the bank's additional tier-1 (AT1) bonds, with Nomura cutting its target price on the stock to Rs 18 from Rs 23 while retaining its 'Neutral' rating.The s…