Rajat Rajgarhia, Head-Research at Motilal Oswal Securities told CNBC-TV18, "YES Bank is a stock under our coverage. I do not know if I will buy ahead of the numbers because that has been a buy for us now for quite sometime."
He further added, "This is one stock which is a pure play whenever you see the wholesale rates coming down and the growth picking up. This is a growth stock. Investors play this stock whenever they start getting very positive on growth. They have managed the last two years of this downturn very well in terms of first, moderating their growth and second, managing their asset quality very well."
"If they are able to continue with this process which we think they will for another couple of quarters. So whenever the growth resumes back in the system their growth rates will again start outperforming the industry very well. The good thing for investors today in favour of YES Bank is that the valuations today are nowhere factoring in the growth that can return for them. So you should buy today, but you should not buy today for the results or for a quick buck in the next one quarter. This is something that one will have to hold onto make money," Rajgarhia said.
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