SP Tulsian positive on YES Bank

Oct 01, 2013, 05.53 PM IST

SP Tulsian of sptulsian.com has a positive view on YES Bank but has a cautious view on the banking sector as a whole.

Like this story, share it with millions of investors on M3

SP Tulsian positive on YES Bank

SP Tulsian of sptulsian.com has a positive view on YES Bank but has a cautious view on the banking sector as a whole.

Like this story, share it with millions of investors on M3

SP Tulsian positive on YES Bank

SP Tulsian of sptulsian.com has a positive view on YES Bank but has a cautious view on the banking sector as a whole.

  .   Share  .  Email  .  Print  .  A+A-

SP Tulsian of sptulsian.com told CNBC-TV18, "I am holding positive view on YES Bank .  If one compares Axis Bank , YES Bank and IndusInd Bank , probably Yes Bank is the cheapest with the PE multiple of 7 with no concerns on the asset quality. We may always apprehend that going forward things are going to be really very bad, but we must wait till then."

"So I think that that is the reason we see the high volatility. The stock swiftly moves up by about 12-13 percent and equally it corrects also whenever the negative news comes in. However, I think now the stock seems to have been found its support somewhere at around Rs 270-275 which is not likely to get broken maybe in this month itself where we have a bit cautious view on the banking sector as a whole," he said.

Also Read: Yes Bank to sharpen focus on emerging sectors

On October 1, Yes Bank closed at Rs 295, up Rs 7.50, or 2.61 percent.

The share touched its 52-week high Rs 547.15 and 52-week low Rs 216.10 on 20 May, 2013 and 28 August, 2013, respectively.

Anda sedang membaca artikel tentang

SP Tulsian positive on YES Bank

Dengan url

http://harmonisem.blogspot.com/2013/10/sp-tulsian-positive-on-yes-bank.html?m=0

Anda boleh menyebar luaskannya atau mengcopy paste-nya

SP Tulsian positive on YES Bank

namun jangan lupa untuk meletakkan link

SP Tulsian positive on YES Bank

sebagai sumbernya