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.
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).
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.
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