Buy Yes Bank; target of Rs 1250: Religare

Religare is bullish on Yes Bank has recommended buy rating on the stock with a target price of Rs 1250 in its research report dated July 27, 2016.

July 29, 2016 / 12:49 IST

26 Aug, 2025 12:21

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Religare's research report on Yes Bank

YES’s Q1FY17 PAT grew 33% YoY to Rs 7.3bn on strong NII growth (+24% YoY) and higher other income (+65% YoY). Loan growth was robust at 33% YoY and NIMs healthy at 3.4%. Gross NPA increased marginally to 0.8% and the bank evoked SDR on an account worth Rs 343mn. Management has guided to FY17 loan growth of 25-30% and expects NIMs to improve by ~10bps-15bps over the next 2-3 quarters. Maintain BUY; Mar’17 TP Rs 1,250. For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

first published: Jul 29, 2016 12:49 pm

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