Hot Chips - Yes Bank
Ali On Content / 20 Jul 2009
One of the youngest private banks in India, Yes Bank has recently put forward its growth plans to expand its business as well as reach by expanding its branch network in the country.
Yes Bank
BSE Code: 532648
Volume: 427430
CMP: 141.20
Yes Bank is one of the youngest private banks in India. It has recently put forward its growth plans to expand its business as well as reach by expanding its branch network in the country. It has also announced that such growth plans will be funded either by a follow on public offer or private placement. The bank has also been consistent in recording a decent growth in its financials over the past five years. As per an institutional report, the banking sector is expected to record decent growth in the financials for the coming quarters of FY10.And Yes Bank seems to be well poised to continue to put up an impressive financial performance. While looking at the charts, a technical analyst from a leading broking house has given a buy call on the counter with a price target of Rs 155. On the derivatives front, the counter seems to be attractive on account of the heavy build-up in the F&O segment. Thus, looking at the bank’s future growth prospects, investors can buy the scrip.
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