Nomura has maintained a ‘Neutral’ rating on Yes Bank, with a target price of ₹17/share, indicating a potential downside of 14.7% from the current market price (CMP) of ₹19.94.
The bank’s Q3 update highlighted healthy growth in loans and CASA deposits. Return on Assets (RoA) is expected to be 0.5% in FY25 and 0.8% in FY26, while Return on Equity (RoE) is projected at 4.5% for FY25 and 7.5% for FY26. The stock currently trades at 1.2x its FY26 BVPS, adequately capturing the positives, according to Nomura.
Disclaimer: The above analysis is based on inputs provided and is for informational purposes only. It does not constitute financial advice. Readers are advised to consult their financial advisors before making any investment decisions..
