Saturday, April 29, 2017

Say "Yes" to this Bank !!

Company Background

YES BANK Limited is a private sector bank. The Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management. The Company's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. 


Its Treasury segment includes investments and financial markets activities undertaken on behalf of the Bank's customers, trading, maintenance of reserve requirements and resource mobilization. The Corporate/Wholesale Banking includes lending, deposit taking and other services offered to corporate customers. The Retail Banking includes lending, deposit taking and other services offered to retail customers. 

The Other Banking Operations segment includes para banking activities, such as third party product distribution and merchant banking, among others.

Stock Performance :

During the last one month the scrip has given a decent 8% return jumping from 1530 to current 1650 levels which incidentally is 52 week high.


In the last one year the scrip has given a growth from the lows of Rs.1010 to high of Rs.1650 level giving a whopping 65% return. Scrip has seen sharp corrections from high levels and is likely to slide further.


Recommendation :
Buy on declines of around Rs.1300 and hold for a target price of Rs.1800 holding period of 12 months


Smart Investor -
Equity Research


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