Yes Bank can touch Rs 320: Gandhi
Yes Bank can touch Rs 320, says Rakesh Gandhi, Senior Technical Analyst, LKP.
January 24, 2011 / 15:19 IST
Yes Bank can touch Rs 320, says Rakesh Gandhi, Senior Technical Analyst, LKP.
Gandhi told CNBC-TV18, "Yes Bank has made a good formation of the falling wedge and has given a breakout of Rs 260 levels and this kind of formation exhibits a good strength as and when there is positive news on it and as and when there is a likelihood that banking is likely to move. So I feel that it could go upto Rs 300 or may be upto Rs 320 also. So I would prefer that one should go long on Yes Bank and can keep a stop loss of around Rs 265 at this point of time."The company's trailing 12-month (TTM) EPS was at Rs 19.23 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 14.82. The latest book value of the company is Rs 0.00 per share. At current value, the price-to-book value of the company was 0. The dividend yield of the company was 0.53%. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
