Macquarie Research maintains an outperform rating on Yes Bank with a 12-month target price of Rs 1325 citing that the bank is its top pick owing to its excellent balance sheet, strong earnings visibility and growth.
It said that valuations posts the capital raising is compelling at 1.9x FY18E price-to-book value and for a sustainable ROE of about 20 per cent.
It said that valuations posts the capital raising is compelling at 1.9x FY18E price-to-book value and for a sustainable ROE of about 20 per cent.
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