Yes Bank is a hold: Ashish Maheshwari, Globe capital market Ltd

Ashish Maheshwari, Director, Globe capital market Ltd, in a chat with ET Now talks about Yes Bank.

What does one do with Yes Bank?

Yes Bank is a hold. I think this as a positive development that Rabo has exited this and the uncertainty is over because this news was in the market for almost lastquarter that Rabo is going to exit but at what price. I think once the identity of buyer is known, you will again see upside in the stock and I am expecting a price target of Rs 290 which will come very soon. So it’s a hold at given point of time.