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Last Updated : Apr 30, 2018 02:58 PM IST | Source: Moneycontrol.com

Buy Yes Bank; target of Rs 415: Sharekhan

Sharekhan is bullish on Yes Bank has recommended buy rating on the stock with a target price of Rs 415 in its research report dated April 26, 2018.

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Sharekhan's research report on Yes Bank


Yes Bank  (YESBK) posted  strong results  for  Q4FY2018 with impressive  advances growth and better-than-expected margins along with well-maintained asset quality. During the quarter, net interest income (NII) grew by  31.4%  y-o-y  to  Rs.  2,154.2  crore  on  account of robust 53.9% y-o-y growth in loan book and stable  net  interest  margin  (NIM  stable  at  3.4%  q-o-q).


Outlook


Strong retail traction with retail loans doubled y-o-y; Retail deposits also grew smartly. Sequentially well-maintained asset quality is another positive.We maintain our Buy rating with a revised price target of Rs. 415.


For all recommendations report, click here


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First Published on Apr 30, 2018 02:58 pm
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