- Yes Bank trades near Rs 17 after the AT1 ruling.
- Support Rs 16; resistance Rs 18.
- Watch bond news and any capital raise.
- 1₹16.00 Support floorKey floor; close below takes out the October low
- 2₹18.00 Resistance capBroker target cap; breakout above opens room to Rs 20
- 3₹16.50 Support zone topUpper bound of the Rs 16 to Rs 16.50 support area
- 4₹20.00 Bullish targetUpside target if price breaks above Rs 18
- 5₹24.20 High analyst targetOutlier buy rating target price from brokers
- 6₹25.77 52-week high · Key level52-week high set in June
TradingView Lightweight Charts™ · Yahoo Finance data
Yes Bank shareholders have been going through some tough times in the last couple of weeks. On October 15, the Supreme Court of India confirmed the decision to invalidate the write-off of Rs 8,415 crore of AT1 bonds by the bank in 2020. This resulted in the share prices plummeting. The share prices are currently trading around Rs 17. See below for the key price points to keep an eye on.
Figure 1: Yes Bank share price and key levels in the bank’s blue and red. Data to 3 November 2026.
Reading the Chart
The blue line begins at Rs 17.45 on October 16th. It reaches its peak value of Rs 17.73 on October 19th. After that date, the stock price drops. The red dot represents the lowest price achieved during this time period (Rs 16.03) which occurred on October 21st. Following that point, buyers began to buy back into the market causing the stock price to rise again, eventually reaching approximately Rs 17.30 by November 2nd. One day after that, the stock price dropped slightly to around Rs 16.99. In simple terms, the stock experienced a rapid decline in value, and then became relatively stable.
Typically, when a stock experiences a rapid decline in value followed by stability, it suggests that the sellers have run out of steam, however, the buyers do not have enough momentum to drive the price upward. The pink area located between Rs 16 and Rs 16.50 indicates the support level for the stock. Dotted lines drawn at Rs 17 and Rs 18 indicate where brokers believe the stock will ultimately reach. At present, the shares remain significantly lower than their 52-week high of Rs 25.77 set in June.
The AT1 Problem
The AT1 (additional tier 1) bond is a form of bank debt that can be used for losses when there is a financial crisis. A federal judge has ruled that the write-down of AT1 bonds in 2020 was illegal. This decision could require the bank to reissue those bonds. The bank has stated that its second quarter earnings do not take into account the potential impact of the court’s ruling. Had it counted, the quarter would show a loss of Rs 5,217 crore. Indian stocks rallied after the US midterms, as our Sensex report explains. Yes Bank has its own story.
The numbers before the ruling were good. Profit rose 65% to Rs 1,080 crore. Net interest income grew 22.7%. Gross bad loans fell to 1.2%. Loans grew 23.7% and deposits rose 19.5%. That is strong growth for a bank. Read the full results on the Yes Bank investor page. To learn the skills used here, see our technical analysis on gold, silver, Nasdaq and Nifty 50.
What Brokers Say
Most brokers are cautious. Bloomberg reports that there are 10 “sell” ratings, 2 “buy” ratings and 2 “hold” ratings. The target price ranges from Rs 16 to Rs 18, with the exception of one “buy” rating of Rs 24.2. Nuvama has stated that a capital infusion by SMFG will be something to watch. Axis Trustee Services, representing bondholders, requested that the bank reinstate the bonds within three days on October 28th.. On 3 November the bank denied ignoring the bondholders’ trustee. Check live prices on the NSE. Intraday traders may like our VWAP guide.
Three Scenarios
- Bullish: Above Rs 18, there’s room for rising to Rs 20.
- Bearish: close below Rs 16 takes out the October low
- Neutral: Between Rs 16 and Rs 18
In the short term, price will be dictated by news on the bonds. Long term, watch capital.
A raise could dilute shareholders. Rules and updates come from the Reserve Bank of India. Our open interest guide can help you read futures data. Do not risk money you cannot afford to lose. This stock can gap on news. About 56 lakh small investors hold it. Are you ready to hold through more headlines?
Frequently Asked Questions
Why did Yes Bank shares fall?
The Supreme Court upheld a ruling that quashed the 2020 write-off of Rs 8,415 crore of AT1 bonds. That raised worries about capital and profit.
What is the Yes Bank support level?
Rs 16 is the floor, with the Rs 16.03 low from 21 October.
What do brokers expect?
Most targets sit between Rs 16 and Rs 18. Bloomberg shows 10 Sell ratings, 2 Buy and 2 Hold.
What is your outlook on Yes Bank?
Anonymous · no sign-up · results from the last 30 days · not investment advice