BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
UBS maintains sell on Yes Bank
UBS has maintained "sell" rating on Yes Bank with a target price of 650. Yes Bank's profit seems unsustainable. We value the stock at 3.2 times its FY17 estimated book value. We expect normalised ROE of Yes Bank to be 15 per cent in FY17 compared to 20 per cent in FY16.