Stock market analyst Anu Jain is of the view that investors can buy Yes Bank Ltd stock to achieve a short term target between Rs 300 and 320.

According to analyst, the interested investors can buy the stock on dips with stop loss of Rs 288.

Today, the shares of the bank opened at Rs 869.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1009.50 and a low of Rs 621.90 on BSE.

Current EPS & P/E ratio stood at 36.10 and 24.08 respectively.

Yes Bank declared that its base rate will be 7% annually in line with the regulations announced by the central banking institution (RBI).

On June 22, Rabobank sold around 11% of its equity stake in Yes Bank as it has decided to establish its own banking operation in India.

It has thus reduced its stake in Yes Bank from around 15.9 per cent to 4.9 per cent, it said.

The Netherlands-based financial services provider has slashed its equity stake in Yes Bank as it has decided to make entry into the banking space on its own.

The bank's major activities are to offer up treasury, banking and other banking services to business as well as institutional customers, SMEs and retails clients.