Technical analyst Rajesh Satpute has maintained 'sell' rating on Yes Bank Limited stock with a target of Rs 342. .

According to analyst, the investors can sell the stock with a stop loss of Rs 365.

Mr. Satpute said that after selling the stock in today's session, the interested investors can purchase the stock again for medium or long term target.

Today, the stock of the company opened at Rs 355 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 388 and a low of Rs 226 on BSE.

Current EPS & P/E ratio stood at 17.55 and 19.88 respectively.

Country's fifth-biggest private banking institution by asset size, Yes Bank has recorded a growth of 58% in its net profit, which stood at over Rs 176 crore for the three month period ended September 30.

The bank recorded such an increase on account of heavy growth in net interest income during th period.

For the first six months of the existing year, Yes Bank registered an increase of 57% in its profit, which stood at Rs 332.6 crore.

Bank founder, MD and CEO Rana Kapoor said, "Yes Bank has once again delivered a robust financial performance with record profit of Rs 176.3 crore. This has been achieved on the back of sustainable net interest income growth of 77.9 per cent and growth in advances of 86.3 per cent year-on-year."

Yes Bank also augmented its gross plus net NPA levels during the second quarter with gross NPA declining to 0.22% of its gross advances as compared to 0.31%in the same period of 2009.