YES Bank shares dropped by 7.22% to Rs 21.85, with a total of 32,48,88,450 shares valued at Rs 722 crore being traded. NHPC also saw a decline of 13.2% to Rs 98.15, with 26,22,73,572 shares worth Rs 2,693 crore exchanging hands. Additionally, BEL experienced a significant 18.77% decrease, with shares amounting to Rs 6,728 crore being traded.
YES Bank, NHPC, BEL, Canara Bank, IRFC, PNB, PFC, REC
On Tuesday, YES Bank Ltd, NHPC Ltd, Bharat Electronics Ltd (BEL), Canara Bank Ltd, IRFC, Punjab National Bank (PNB), GAIL, and Suzlon Energy Ltd experienced a significant decline of up to 25% in trading, largely due to high trading volumes. The drop in stock prices was attributed to weaker voting trends for BJP and the NDA alliance, affecting PSU stocks, while other stocks were impacted by a widespread selloff.
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ES Bank’s shares dropped by 7.22% to Rs 21.85, with 32,48,88,450 shares valued at Rs 722 crore being traded. NHPC fell by 13.2% to Rs 98.15, with 26,22,73,572 shares valued at Rs 2,693 crore changing hands. BEL’s shares plummeted by 18.77% as 24,93,52,302 shares worth Rs 6,728 crore were traded. Canara Bank saw a 14.31% drop to Rs 109.90, with 18,93,06,453 shares worth Rs 2,145 crore being exchanged on NSE. IRFC dropped by 12.69%, IRB Infra by 9.68%, and PNB by 15%. GAIL, Suzlon Energy, Tata Steel, BHEL, State Bank of India, PFC, and REC also experienced significant declines of up to 25%.
Suman Bannerjee, CIO of Hedonova, mentioned that a strong rally in Indian stock markets since May 2014, driven by political stability, promises of reforms, improving economic conditions, and supportive global factors like quantitative easing by developed markets, resulted in over Rs 300 lakh crore in investor wealth. The future trajectory will depend on the new government’s economic policies, as well as factors such as GDP growth, inflation, and global conditions. Investors need to expect volatility due to high current valuations and should consider a diversified approach.
YES Bank Share Price Target 2024 to 2030
Yes Bank’s share price target is between ₹23.25 to ₹31.70 in 2024
Yes Bank’s share price target is between ₹32.50 to ₹32.50 in 2025
Yes Bank’s share price target is between ₹39.40 to ₹46.45 in 2026
Yes Bank’s share price is expected to vary between ₹47.10 and ₹56.10 in 2027
Yes Bank’s share price target is between ₹57.30 to ₹63.80 in 2028
Yes Bank’s share price target is between ₹64.25 to ₹79.55 in 2029.
Yes Bank’s share price target is between ₹80.30 to ₹98.65 in 2030.
In 2024, Canara Bank Ltd (CANBK) is expected to experience strong growth, with an initial target of ₹505.66. However, market volatility might lead to fluctuations mid-year, peaking at ₹607.91.
For Canara Bank Ltd in 2025, a bullish trend might take the stock to a mid-year target of ₹640, followed by a steady climb to ₹735.
In 2026, a temporary decline in early months for Canara Bank Ltd is possible, with a recovery expected by mid-year, aiming for ₹733.
Anticipating mixed trends for Canara Bank Ltd in 2027, with rapid movements both upward and downward, yet maintaining an overall upward trajectory towards ₹959.
For 2028 and 2029, Canara Bank Ltd is expected to show strong and steady growth, potentially breaking past previous highs and setting new records.
By 2030, the cumulative impact of market dynamics could lead Canara Bank Ltd to a substantial year-end target, surpassing previous expectations.
In 2024, NHPC Limited (NHPC) is expected to experience strong growth, with an initial target of ₹75.31. However, market volatility might lead to fluctuations mid-year, peaking at ₹91.37.
For NHPC Limited in 2025, a bullish trend might take the stock to a mid-year target of ₹98, followed by a steady climb to ₹112.
In 2026, a temporary decline in early months for NHPC Limited is possible, with a recovery expected by mid-year, aiming for ₹110.
Anticipating mixed trends for NHPC Limited in 2027, with rapid movements both upward and downward, yet maintaining an overall upward trajectory towards ₹146.
For 2028 and 2029, NHPC Limited is expected to show strong and steady growth, potentially breaking past previous highs and setting new records.
By 2030, the cumulative impact of market dynamics could lead NHPC Limited to a substantial year-end target, surpassing previous expectations.
In 2024, Bharat Electronics Ltd (BEL) is expected to experience strong growth, with an initial target of ₹219.51. However, market volatility might lead to fluctuations mid-year, peaking at ₹273.52.
For Bharat Electronics Ltd in 2025, a bullish trend might take the stock to a mid-year target of ₹290, followed by a steady climb to ₹333.
In 2026, a temporary decline in early months for Bharat Electronics Ltd is possible, with a recovery expected by mid-year, aiming for ₹333.
Anticipating mixed trends for Bharat Electronics Ltd in 2027, with rapid movements both upward and downward, yet maintaining an overall upward trajectory towards ₹437.
For 2028 and 2029, Bharat Electronics Ltd is expected to show strong and steady growth, potentially breaking past previous highs and setting new records.
By 2030, the cumulative impact of market dynamics could lead Bharat Electronics Ltd to a substantial year-end target, surpassing previous expectations.
If we talk about the future stock price target of IRFC then it can rise to the minimum price of ₹627.16 and the maximum price of ₹731.28 in the coming 3 years.
If we estimate the price target for the next 5 years, its value may rise to a minimum price of ₹903.89 and a maximum price of ₹1,083.76.
If we forecast the next 7 years its value can increase to a minimum price of ₹1,209.40 and a maximum price of ₹1,471.97.
In the next 10 years, it can increase to a minimum price of ₹1,654.67 and a maximum price of ₹2,037.77.
In 2024, REC Limited (RECLTD) is expected to experience strong growth, with an initial target of ₹539.09. However, market volatility might lead to fluctuations mid-year, peaking at ₹728.46.
For REC Limited in 2025, a bullish trend might take the stock to a mid-year target of ₹788, followed by a steady climb to ₹905.
In 2026, a temporary decline in early months for REC Limited is possible, with a recovery expected by mid-year, aiming for ₹902.
Anticipating mixed trends for REC Limited in 2027, with rapid movements both upward and downward, yet maintaining an overall upward trajectory towards ₹1186.
For 2028 and 2029, REC Limited is expected to show strong and steady growth, potentially breaking past previous highs and setting new records.
By 2030, the cumulative impact of market dynamics could lead REC Limited to a substantial year-end target, surpassing previous expectations.
