Good Morning….
3 Stocks (DHFL, Reliance Capital & Yes Bank) in recent times is being darling to the Short Sellers community. They love those stocks!!!! Why? Because any news that comes they just have to short it. One of the reason for all these 3 stocks to fall is Promoter Holding, Large Debts & Liquidity Issues.
Yes Bank is having a significant loan exposure to DHFL & Reliance Capital. So any Asset deterioration in DHFL & Reliance capital is going to affect YES Bank share price significantly. Yes Bank is in urgent need of Equity Capital Top up in order to restore faith among Investors. Again many downgrades from Global Brokerages is adding to its woes.
DHFL & Reliance capital is literally facing their existence issues. DHFL unless any creditable firm takes over it will tough to continue the business. Similarly, Reliance is selling its core business left, right & Centre. It has to resolve its large debt problems in order to bounce back.
Any Investor has to keep the above points in mind before investing….Happy Investing!!
CA Tapan Doshi – (M) 919726483113, Email id-tapydoshi@gmail.com
Investor Advisor – Stock Broker – Kotak Securities Franchise
investstars.finance.blog 