BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains buy on Yes Bank
Religare believes Yes Bank shares could double in three years on the back of robust earnings momentum, capital raising in FY17 and a likely re-rating in the stock from 2.4 times FY19 estimated book value to 2.8 times. CASA is on track to rise from 28 per cent to 38 per cent by FY2020. Raise target price on the stock by 40 per cent to Rs 1,250 and have a target price of Rs 2,000 for FY19.