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Last Updated : May 02, 2019 01:49 PM IST | Source:

Hold Yes Bank; target of Rs 187: Arihant Capital

Arihant Capital recommended hold rating on Yes Bank with a target price of Rs 187 in its research report dated April 30, 2019.

Broker Research @moneycontrolcom
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Arihant Capital's research report on Yes Bank

Yes Bank’s result for Q4FY19 under the leadership of new CEO was a reflection of management’s shift towards conservative approach and re-building the credibility of the bank. It has reported a loss of Rs 1507 cr, largely due to higher provisioning made during the quarter. The bank has made contingent provision of Rs 2100 cr towards a loan book of Rs ~10000 cr (BB & below rated) which was identified as stressed. These assets come under the corporate segment and include 5-6 accounts from real estate, infra and media & telecom sector.


We downgrade our rating to ‘Hold’ from ‘Accumulate’ with a revised target price of Rs 187.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

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First Published on May 2, 2019 01:49 pm
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