Buy Yes Bank for target of Rs 550, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "We have to buy Yes Bank. It is amazing how the two private sector banks have beaten all forecasts. I am assuming it is making a bubble and that bubble could go much higher. Buy Yes Bank; expect a target of Rs 550. This is a stock that is in an upmove and traders should participate. There is probably more upside here."
The share touched its 52-week high Rs 536.55 and 52-week low Rs 314.50 on 01 February, 2013 and 18 May, 2012, respectively. Currently, it is trading 0.23% below its 52-week high and 70.21% above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs 25.79 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 20.76. The latest book value of the company is Rs 130.75 per share. At current value, the price-to-book value of the company was 4.1. The dividend yield of the company was 0.75%.