Short Term Buy Call For YES Bank

Short Term Buy Call For YES BankTechnical analyst Shardul Kulkarni of Angel Broking has maintained 'buy' rating on YES Bank Limited stock with a short term target of Rs 355.

According to analyst, the stock can be purchased with a stop loss of Rs 308.

The stock of the company, on Dec 01, closed at Rs 329.90 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 19.17 respectively.

Yes Bank and Shinsei Bank of Japan entered into a deal to advice firms on cross-border agreements between the two nations.

In a declaration, Yes Bank stated, "The alliance will play an active role towards further augmenting investment flows into the Indo-Japanese corridor."

The statement added that the affiliation will permit both banking institutions to leverage their mutual know-how, sturdy local knowledge and outstanding business relationships to mutually follow M&As, JVs and merchant banking chances.

Yes Bank has recorded an increase of 57.78% in its net profit, which stood at Rs 1,762.6 million for the quarter ended Sep 2010.

Interest earned by the bank stood at Rs 9,537.9 million for July-September quarter.

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