Positional Call: Buy Yes Bank for an upside of 32%

Rudra Shares And Stock Brokers | April 11, 2019, 1:15 p.m.

Valuation

Yes bank is available at attractive valuations and lower P/BV amongst its peers. Prior also, we have recommended the stock with the target price of Rs. 236, which has been achieved. As banks operations has returned to normal, we expect this would help drive the share price further. Also, would enable bank in raising fresh capital. We therefore, re-rate the stock with the revised upward target of Rs. 356 in medium term, which corresponds to 2.50x P/BV for FY20Est., quite fair as major concerns are now being wiped out.



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