Technical Analyst Mitesh Thacker has maintained 'buy' rating on Yes Bank stock to achieve a short term target of Rs 308.

According to him, interested traders can purchase the stock with a stop loss of Rs 279.50.

Today, the stock opened at Rs 288.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 297.40 and a low of Rs 75 on BSE.

Current EPS & P/E ratio stood at 14.06 and 20.46 respectively.

Yes Bank is all set to make entry into the retail business and has commenced its initial promotional campaign directing the retail set of audience.

Thus far, Yes Bank had concentrated itself to corporate banking.

Yes Bank has set a budget of Rs 10 crore for its first promotional campaign.

Yes Bank Ltd registered a 75% growth in net profit to Rs 140 crore in the three month period ended 31 March, buoyed by loan expansion and an augmentation in other income.

Yes Bank for the first time announced a 15% dividend to stockholders.

Net interest income of the bank surged 62.9% in the fourth quarter to Rs 244.20 crore on the back of a 78.9% increase in advances that stood at Rs 22,193.10 crore at the end of the fiscal year.

The yield on advancements dropped to 9.7% from 13% and the cost of funds to 6.3% from 8.8%.