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HomeNEWSYes Bank stocks: Sell YES Bank, target price Rs 12: Emkay Global

Yes Bank stocks: Sell YES Bank, target price Rs 12: Emkay Global

Emkay Global has sell call on YES Bank with a target price of Rs 12. The current market price of . is Rs 17.1. Ltd., incorporated in the year 2003, is a banking company (having a market cap of Rs 41716.54 Crore).

YES Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 6451.30 Crore, up 8.25 % from last quarter Total Income of Rs 5959.82 Crore and up 18.08 % from last year same quarter Total Income of Rs 5463.28 Crore. The bank reported net profit after tax of Rs 160.41 Crore in latest quarter.

Investment Rationale
Bank reported a miss on earnings, given that the bank has taken accelerated provisions to shore up its PCR. Growth remained moderate; however, margins and asset quality improved, albeit still remaining sub-par


Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 16.66 per cent, DIIs 38.63 per cent.

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