BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Open|| Long (1Y)
Edelweiss maintains buy on Yes Bank
Edelweiss has maintained buy on Yes Bank for target price of Rs 2,087. It says the bank's progress in branch banking will aid it clock best-in-class return ratios, reduce volatility and fuel re-rating. At CMP, the stock trades at 2.7x FY19E P/ABV, attractive for a bank that has delivered >30% earnings CAGR in past 5 years and estimated to clock >30% CAGR over FY17-19. Maintain 'BUY/SO' with TP of INR2,087 (on 3.25x FY19E P/BV).