Sell YES Bank, target Rs 1700.0 : Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on YES Bank Ltd. with a target price of Rs 1700. The current market price of YES Bank is Rs 1761.45 Manas Jaiswal recommended to keep stoploss at Rs 1790
YES Bank Ltd., incorporated in the year 2003, is a banking company (having a market cap of ₹ 80585.37 Cr.).

YES Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed ₹ 12209.77 Cr to Sales Value (74.33 % of Total Sales), Income From Investment which contributed ₹ 3796.84 Cr to Sales Value (23.11 % of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed ₹ 257.82 Cr to Sales Value (1.56 % of Total Sales) and Interest which contributed ₹ 160.21 Cr to Sales Value (0.97 % of Total Sales)for the year ending 31-Mar-2017.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 1364.38 Cr. (.97 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 545.31 Cr. (.39% of total assets). For the quarter ended 30-06-2017, the company has reported a Standalone Interest Income of ₹ 3534.48 Cr., up 8.45 % from last quarter Interest Income of ₹ 3259.11 Cr. and up 24.45 % from last year same quarter Interest Income of ₹ 2840.06 Cr. The bank has reported net profit after tax of ₹ 965.52 Cr. in latest quarter.