CosmicTaco

IDFC First Bank and Yes Bank Q2 Results Preview

CosmicTaco · 2024-10-26T10:07:13.740107+05:30

- **IDFC First Bank** shares fell over **8%** last week ahead of Q2 results, with prices dropping from ₹71.55 to ₹65.57. - Experts predict strong advances and deposits but a dip in net profit due to high provisioning. - **Yes Bank** shares also saw a **9%** drop, from ₹21.50 to ₹19.50, with flat Q2 results expected. - Yes Bank's credit growth is healthy, but margins may contract and asset quality could improve. - Both banks have key support and resistance levels, with potential for trend reversals. Source: [Mint](https://www.livemint.com/market/stock-market-news/idfc-first-bank-shares-dip-ahead-of-q2-results-2024-should-you-buy-on-monday-11729909227417.html), [Mint](https://www.livemint.com/market/stock-market-news/yes-bank-q2-results-preview-why-yes-bank-share-price-dip-ahead-of-q2-results-today-11729905364149.html)

IDFC First Bank shares fell over 8% last week ahead of Q2 results, with prices dropping from ₹71.55 to ₹65.57.
Experts predict strong advances and deposits but a dip in net profit due to high provisioning.
Yes Bank shares also saw a 9% drop, from ₹21.50 to ₹19.50, with flat Q2 results expected.
Yes Bank's credit growth is healthy, but margins may contract and asset quality could improve.
Both banks have key support and resistance levels, with potential for trend reversals.

Source: Mint, Mint