Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can buy Yes Bank with a target price between Rs 155 in the coming days.

The stock is presently trading around Rs 135-139 level.

According to experts at Nirmal Bang, the stock may face some resistance around Rs 145 levels, but after that it can even have more upward movement.

The scrip has very strong support at Rs 2220.

Shares of the company, on Thursday (June 04), closed at Rs 135.15 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 157.20 and a low of Rs 40.80 on BSE. Current EPS and P/E of the stock stood at 10.23 & 13.54 respectively.

Private sector lender, Yes Bank declared a good increase in its standalone net profit for the three month period ended March 31, 2009.

During the period, the bank’s profit surged 24.20% to Rs 801.10 million as compared to Rs 645 million in the same quarter previous year.

Interest earned during the period under review increased 45.78% to Rs 5,663.10 million, whereas total income surged 32.73% to Rs 6,560.70 million, when compared with the prior year period.

It posted earnings of Rs 2.70 a share during the quarter, registering 23.85% growth over prior year period.