YES Bank may move to Rs 1050-1060: Mahantesh Sabarad

Mahantesh Sabarad of SBICAP Securities told CNBC-TV18, "There is a small upside still left inYES Bank. Our target price is at Rs 1,050-1,060 and from a valuation perspective it is not challenging. Trading at roughly a little shade below three times on its forward earnings right now makes it quite attractive and there is a strong momentum going forward.""We foresee that the next two years they should be doing their credit growth should be growing something like 25-26 percent compound annual growth rate (CAGR)," he added.