Expiry of weekly option contracts infused volatility in the market amid selling in financial shares.
The fund house bought more than 1 crore shares each of the country’s biggest lender by assets.
With a workforce of over 5,000 employees, the bank caters mainly to south India.
PMS run by Mumbai-based Basant Maheshwari delivered 15.67 per cent in September.
Gill on Thursday said the bank is in advanced stage of capital raising from investors.
There is no incremental stress other than what has been indicated as of Q1 of FY20, Gill said.
Once India’s 6th largest private lender by market capitalisation, YES' stock has seen a spiraling downfall.
Analysts are advising investors to stay stock-specific after the recent spike in this sector.
Industries linked to this sector have already produced many multibaggers.
Overseas investors turned net buyers in September and poured over Rs 7,500 crore.
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