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Stock Analysis, IPO, Mutual Funds, Bonds & More

Buy YES Bank, target Rs 74: CK Narayan

Buy YES Bank Ltd. at a price target of Rs 74.0 and a stoploss at Rs 67 from entry point.

ETMarkets.com|
Updated: Nov 11, 2019, 09.23 AM IST
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CK Narayan of Chart Advise has a buy call on YES Bank Ltd. with a target price of Rs 74.0 . The current market price of YES Bank Ltd. is Rs 69. Time period given by analyst is Intra Day when YES Bank Ltd. price can reach defined target. CK Narayan recommended to keep stoploss at Rs 67. YES Bank Ltd., incorporated in 2003, has a market cap of Rs 17597.29 crore.

YES Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 22922.64 Crore to Sales Value (77.37 % of Total Sales), Income From Investment which contributed Rs 6048.42 Crore to Sales Value (20.41 % of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 397.57 Crore to Sales Value (1.34 % of Total Sales) and Interest which contributed Rs 256.11 Crore to Sales Value (0.86 % of Total Sales)for the year ending 31-Mar-2019.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 17134.41 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 9757.20 Crore (.00% of total assets). For the quarter ended 30-09-2019, the company has reported a Consolidated Interest Income of Rs 5821.09 Crore, down -4.62 % from last quarter Interest Income of Rs 6102.96 Crore and unchanged .00 % from last year same quarter Interest Income of Rs Crore. The bank has reported net profit after tax of Rs -629.09 Crore in latest quarter.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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