Sell YES Bank With Stop Loss Of Rs 286

Sell YES Bank With Stop Loss Of Rs 286Stock market analyst Hemen Kapadia has maintained 'Sell' rating on YES Bank stock with intra-day target of Rs 277.

According to analyst, the investors can sell the stock at Rs 283 with stop loss of Rs 286.

The analyst said that if the stock falls below Rs 274, it may see more weakness.

Today, the stock opened at Rs 281 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 299.50 and a low of Rs 126.10 on BSE.

Current EPS & P/E ratio stood at 14.06 and 19.99 respectively.

Yes Bank is looking to mark a major attendance in the North East where it already owns a network in five of the seven States.

The banking institution formally kicked off its North East India and West Bengal banking processes by adding up 15 divisions.

The major aim is to further concentrate on the increasing business and financial chances in the region.

Moreover, Axis Bank also declared its plans to roll out 100 more divisions within a year.