YES Bank good investment idea: Neeraj Deewan

Neeraj Deewan of Quantum Securities told CNBC-TV18, "The kind of stock YES Bank is and the kind of momentum is there in the stock, I think one should wait to book profits there but one should not be chasing it at these prices. I think there will be correction, there will be opportunities in the market. So, one can wait for dips to add this stock. However with a longer term perspective the stock is still a good investment. For short to medium term you might see some sort of momentum slowing down in the stock after this rally." "They definitely need money to grow at a large pace from these levels, so raising will also happen at these levels. So, for the shorter term one can be little cautious but from medium to long term it is still a good investment," he said.