BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nomura maintains buy on Yes Bank
Nomura increased its target price on Yes Bank to Rs 1,300 from Rs 1,125 earlier. There was almost no impact on Yes Bank from RBI's asset quality review. Improvement in retail franchise to drive further re-rating in the stock. Value the stock at 2.4 times FY18 estimated book value.