Yes Bank has target of Rs 295: Prakash Diwan

Yes Bank has target of Rs 295, says Prakash Diwan of Networth Stock Broking.

Diwan told CNBC-TV18, "Yes Bank is a stock that has been in a bit of oversold zone of sorts, given the kind of traction that we have seen in some of the larger midcap banks, I think this is a smart new age private sector bank that should also start benefiting once the interest rate scenario cools off so this is the stock to be watched. This would be looked at with a target price of Rs 295 and a stop of maybe Rs 270."