Yes Bank is currently running at Rs.270 & has recently declared their Q4-10 Results. They continue their impressive growth story. Here, Moneycontrol site has a reference to a recent report from Prabhudas Lilladher giving target of about Rs.400. Normally brokerage houses keep a one year horizon for such targets. In this case, I expect this target in next 3-6 months. All the banking stocks have been hammered down expecting Central bank to increase the rates.
My Friend Bhuvan Singhi thinks that given the current circumstances, Yes Bank can even correct further to 220 levels. He has a technical view of the market.
Regards,
Rohit
Disclosure: We are heavily invested in Yes Bank.
My Friend Bhuvan Singhi thinks that given the current circumstances, Yes Bank can even correct further to 220 levels. He has a technical view of the market.
Regards,
Rohit
Disclosure: We are heavily invested in Yes Bank.