Buy YES Bank, target Rs 282: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on YES Bank Ltd. with a target price of Rs 282. The current market price of YES Bank Ltd. is Rs 270.6. Time period given by the analyst is Intra Day when YES Bank Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 264. YES Bank Ltd., incorporated in 2003, has a market cap of Rs 62644.79 crore.

YES Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 15478.24 Crore to Sales Value (76.37 % of Total Sales), Income From Investment which contributed Rs 4102.53 Crore to Sales Value (20.24 % of Total Sales), Interest which contributed Rs 516.07 Crore to Sales Value (2.54 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 170.58 Crore to Sales Value (0.84 % of Total Sales)for the year ending 31-Mar-2018.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 5158.62 Crore (2.10 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 2876.35 Crore (1.18% of total assets). For the quarter ended 31-12-2018, the company has reported a Standalone Interest Income of Rs 6248.40 Crore, up 12.59 % from last quarter Interest Income of Rs 5549.59 Crore and up 62.46 % from last year same quarter Interest Income of Rs 3846.15 Crore. The bank has reported net profit after tax of Rs 1001.85 Crore in latest quarter.