Yes Bank

Hi Guys

Can you please tell me how is this script(Yes Bank), if you know anything about it.
I would really appreciate your help.

thanks

Hi,

Yes Bank has been moving along with the indices ever since the time it got listed. It has recently fallen from its high of around Rs.106 to it's current level of Rs.82/-. It's fundametals are o.k but it's P.E is very high (around 35 at current levels). But many private sector banks like Kotak and Indus Ind etc., have a high P.E level of around 30 - 40 and such levels are consistent with Pvt. sector bank. This stock has good support at Rs.65 and expect it move up to Rs.100 if the the Nifty moves to 3500. However there are good bets in other sectors that could give you better return than banks. Try to swtich to India Infoline (@ Rs.105 - expect the stock to move to Rs.150 levels soon) or infrastructure finance companies like Srei Infrastruture or IDFC for better returns as banks have been an under performer for the last few years and trend is likely to follow. If you like to continue to stick to this counter then try HDFC Bank or SBI for better returns.

Thank You,

A.K.Siva

Siva
Can u substantiate that pl ...

AGILENT

Hi Agilent,

Banks have been underperforming in markets right from the beginning of 2005. Even though the valuations of PSU banks are extremely low, they are not able to generate much interest towards them in the markets. Moreover their bottomline is not showing great growth like it did earlier. Infrastructure Finance Companies have better scope in future as they will be able to finance more with growing developments in infrastructure and improve their bottomline during the course. Companies like SREI are expanding their scope of business (hope you've heard of the 3000 crore project that Srei won from NHAI recently) and it has a better potential than banks.

My call on India Infoline is purely a trading call (moreover the fundamentals of this company is also good) as i expect it reach Rs.150 - 175/- soon.

Thank You,

A.K.Siva