Stock Martket BSE » Yes Bank

Free Intraday Stock Tips – 10th Nov 09

admin — Tue, 10 Nov 2009 03:17:21 +0000

BUY Fedders Llyod Stop Loss 68 Target 78 BUY IRB Infrastructure Developers Stop Loss 256 Target 288 BUY Yes Bank Stop Loss 258 Target 285 BUY Orbit Corporation Stop Loss 281 Target 334 Related posts:Free Intraday Stock Tips – 5th Nov 09 Free Intraday Stock Tips – 24th Nov 09 Free Day Trading Stock Tips [...] Related posts:

YES BANK – SBI Cap Securites Stock Tips

admin — Tue, 22 Sep 2009 02:24:39 +0000

YES BANK
Reco price: Rs 175
Current market price: Rs 195.9
Target price: Rs 239
Upside: 22%
Brokerage: SBI Cap Securites

Despite phenomenal growth since its inception, Yes Bank continues to remain one of the smallest banks in terms of total assets (~0.4 per cent market share) in the Indian banking space. Therefore, the opportunity for Yes Bank to grow faster than most other listed banks in India would continue to remain for a long time.

The bank has demonstrated its capability in gaining market share of CASA every year since its inception. While share of CASA in total deposits is very low (9.5 per cent), the growth in CASA has been remarkable (66 per cent CAGR from FY06 to FY09). With the bank having invested heavily in growing its branch network (123 branches – Q1FY10), the bank is not far from an inflexion point in growing its CASA on a sustained basis at levels far higher than the industry enabling it to sustain its profitable balance sheet growth momentum. The ability of the bank to deliver superior RoAs with balance sheet growth rates significantly higher than the industry warrant premium valuations for the stock. The stock is valued at 3.6x FY10E adjusted book value. At Rs 239, the stock trades at 17.4X FY10E and 14.7x FY11E EPS and 2.7x FY11E adjusted book value.

Fund Action: Arvind Mills, Bajaj Hindusthan, Yes Bank

admin — Wed, 06 May 2009 04:43:38 +0000

Fund Action: Arvind Mills; Bajaj Hindusthan; Yes Bank

Arvind Mills: BNP Paribas Arbitage sells 15.48 lk shrs @ Rs 18.57/sh.

Bajaj Hindusthan: Russell Investment Co buys 20 lk shrs @ Rs 88.60/sh.

Yes Bank: Russell AIF Capital Inc sells 22 lk shrs @ Rs 83.45/sh.

MIC Electronics: Edelweiss Commodities buys 6.5 lk shrs @ Rs 27.59/sh.

Birla Power: Somerset Emerging Opportunities Fund sells 2.35 cr shrs @ Rs 2.75/sh.

Core Projects: Robeco Capital Growth Fund sells 5.2 lk shrs @ Rs 101.70/sh.

Kohinoor Foods: Satnam Arora buys 1.84 lk shrs @ Rs 59.40/sh.

ECE Industries: KM Enterprise buys 2.15 lk shrs @ Rs 133/sh. Kedia Banijya Udyog buys 2.15 lk shrs @ Rs 133/sh. LIC Of India sells 5.39 lk shrs @ Rs 133/sh.

Trigyn Tech: Chandrakantjvallakati sells 1.28 lk shrs @ Rs 14.04/sh.

Indian Hotels picks up 2.25 million Orient Express shares
M&M workers at Nasik plant strike work, to temporarily affect production
SBI officials say SBI signs ATM outsourcing deal with TCS, Tata Communications

Stock Advice On YES Bank

admin — Sun, 26 Apr 2009 04:30:08 +0000

Yes Bank has posted good results for Q4 with total income rising to Rs.656 crores against Rs.494 crores in the corresponding quarter of the previous year. PAT for the quarter is at Rs.80.11 crores against Rs.64.50 crores, resulting in an EPS of Rs.2.70 for Q4, against Rs.2.18 of the corresponding quarter of the previous year.

On an annualized basis, the performance of the bank has been quite exemplary with total income at Rs.2,438 crores against Rs.1,665 crores of FY 08 while EPS for FY 09 touched in double digit at Rs.10.25 against Rs.7 of FY 08. It has been feared that NPAs of bank will rise, due to defaults and slowdown, but, this has not seen happening adversely in case of the bank. Net NPA of the Bank, as at 31-03-09, has been at 0.33%, while gross NPA is at 0.68% with capital adequacy ratio of 16.63%. Even, average return on assets has been at 1.52% on annualized basis.
Share touched its 52 week low of Rs.41, on 9th March 09, when all the private sector banking stocks took a beating. Since then, it has been going up and now ruling at Rs.77, which discounts its historic earnings by less than 8 times. It is certain to see growth from bank, even in FY 10 and an EPS of Rs.12 is most likely, which discounts the current price by about 6.50 times. Those who have 6 months view can expect the share price to move in three digits. Price behaviour of this stock remind us of old price movement pattern of HDFC Bank, about 12 years back, which has now become a private sector giant. This Bank also has all such ingredients to grow big in the long run.

Stock Advice On YES Bank

admin — Thu, 23 Apr 2009 13:04:09 +0000

About The Company

yes bank is a small scale bank , having a limited working area with counted customer group and very less familiar among the public in the domestic market.

The stock has been fairly fancied on account of developing bank unit but still not in lime light as other banks.About The Results

Yes Bank has posted good results for Q4 with total income rising to Rs.656 crores against Rs.494 crores in the corresponding quarter of the previous year. PAT for the quarter is at Rs.80.11 crores against Rs.64.50 crores, resulting in an EPS of Rs.2.70 for Q4, against Rs.2.18 of the corresponding quarter of the previous year.

About The Stock

Share touched its 52 week low of Rs.41, on 9th March 09, when all the private sector banking stocks took a beating. Since then, it has been going up and now ruling at Rs.77, which discounts its historic earnings by less than 8 times. It is certain to see growth from bank, even in FY 10 and an EPS of Rs.12 is most likely, which discounts the current price by about 6.50 times. Those who have 6 months view can expect the share price to move in three digits. Price behavior of this stock remind us of old price movement pattern of HDFC Bank, about 12 years back, which has now become a private sector giant. This Bank also has all such ingredients to grow big in the long run.

Some partial investment could be made in dips.

Reduce Yes Bank, target of Rs 42: IIFL

admin — Mon, 30 Mar 2009 14:11:50 +0000

IIFL has recommended a reduce rating on Yes Bank with a price target of Rs 42 in its March 30, 2009 researcg report.

“Yes Bank’s low capital base, low share of CASA deposits and relatively risky loan profile leave little room, if any, to absorb future risks. The bank has been unable to raise equity capital in the recent past and is unwilling to do so at current valuations. About 38% of its loans are to emerging companies and SMEs, which are particularly vulnerable in the current environment. Fee income, which contributes half of the bank’s revenues, is set to decline, in our view. Investors rightly remain sceptical of the ability of small banks like Yes Bank to protect their asset quality and income streams.”

“We expect Yes Bank’s Tier-I CAR to improve to 8.5% by end-FY09 (from 7.8% as at end-3QFY09) owing to transition to Basel II and recent raising of hybrid Tier-I. The non-equity component of Tier-I capital is now about 10%. After cutting our FY10 earnings estimate by 40%, we now expect profits to fall by 29% YoY next year. The stock is trading at 0.9x FY10ii book, but we see no rerating triggers in the near term and hence downgrade it to REDUCE, price target of Rs 42,” says IIFL’s research report.

Buy Yes Bank, target of Rs 60: Sunidhi Securities

admin — Mon, 23 Mar 2009 16:03:50 +0000

Sunidhi Securities & Finance has recommended a buy rating on Yes Bank with a target price of Rs 60 in its March 23, 2009 research report.

“Yes Bank’s balance-sheet and advances have grown by 130 per cent (compounded annually) in the last four years ended March 2008, whereas the deposits grew at 170 per cent (annualised rate) in the same period. During Q3FY09, total income rose 64% to Rs 726 crore and net profit by 95% to Rs 106 crore. NIM and NP margin stood at 2.8% & 14.6% respectively. NPA to net advnces stood at 0.15% and capital adequacy ratio at 14.6%. Its balance sheet grew by 31% to Rs 19, 747 crore (YoY). We recommend ‘BUY’ with a target of Rs 60 in the medium term,” says Sunidhi Securities & Finance’s research report