Feb 04, 2013, 12.18 PM IST | Source: CNBC-TV18

Buy Yes Bank for target of Rs 550: Sudarshan Sukhani

Buy Yes Bank for target of Rs 550, says Sudarshan Sukhani of s2analytics.com.

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%.

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