Emkay Global has sell call on with a target price of Rs 10. The current market price of YES Bank Ltd. is Rs 13.64.
YES Bank Ltd., incorporated in the year 2003, is a banking company (having a market cap of Rs 34701.04 Crore).
YES Bank Ltd., incorporated in the year 2003, is a banking company (having a market cap of Rs 34701.04 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 4834.93 Crore, down 26.14 % from last quarter Total Income of Rs 6545.74 Crore and down 17.24 % from last year same quarter Total Income of Rs 5842.41 Crore. The bank reported net profit after tax of Rs -3790.92 Crore in latest quarter.
Investment Rationale
The brokerage retains Sell and cut the TP to Rs10 (0.9x FY23E ABV), given continued concerns about the bank’s asset quality, sub-par return ratios and unfavourable risk-reward ratio with higher valuations
Promoter/FII Holdings
Promoters held 0 per cent stake in the company , FIIs held 13.8 per cent, DIIs 46.7 per cent and public and others 39.5 per cent.
