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Last Updated : Jan 30, 2019 08:30 AM IST | Source:

Buy Yes Bank; target of Rs 350: Dolat Capital

Dolat Capital bullish on Yes Bank has recommended buy rating on the stock with a target price of Rs 350 in its research report dated January 24, 2019.

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Dolat Capital's research report on Yes Bank

With the appointment of the new MD and CEO from outside the group, we believe the hiatus in the Yes bank’s story is now behind. Mr Ravneet Gill, the current CEO of Deutsche Bank, is one of the better fits, with the experience of running a global, quality corporate bank, with a similar structural and credit culture. This is encouraging and is likely to attract the languishing investor confidence. It is now better poised to attract the much-needed capital faster. We have factored a capital raise of ` ~35bn by the end of 2HFY20. We believe with the bygones, it is likely to witness a faster rerating and is in a better position to achieve its glories days.


We upgrade the to a Buy at 2x FY 21E P/ABV.

For all recommendations report, click here

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First Published on Jan 30, 2019 08:30 am
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