Yes Bank's Positive Results and Attractive Valuation Make it a 'Hold' for Investors.

Yes Bank, a largecap private bank, has recently been upgraded to a 'Hold' by MarketsMOJO. This decision is based on the company's positive results in the last four consecutive quarters, with a growth in Operating Profit of 21.71% and a highest Interest Earned of Rs 7,730.49 crore. The company also reported a highest PAT of Rs 553.04 crore and a lowest Gross NPA of 1.60%. With a ROA of 0.3, Yes Bank has an attractive valuation with a 1.3 Price to Book Value and is currently trading at a discount compared to its historical valuations.
In the past year, Yes Bank's stock has generated a return of 28.74%, while its profits have risen by 88.3%. This has resulted in a PEG ratio of 0.6, indicating a potential undervaluation of the stock. Additionally, the company has a high institutional holding of 65.4%, which suggests that these investors have better capability and resources to analyze the fundamentals of the company compared to retail investors.

However, Yes Bank's long-term growth has been poor, with a negative annual growth rate of -0.76% for Net Interest Income (excluding other income) and a modest growth of 19.72% for Net Profit. Technically, the stock is currently in a mildly bearish range, with both its MACD and KST technical factors showing a bearish trend.

Overall, while Yes Bank has shown positive results in the recent quarters, its long-term growth and technical factors suggest a cautious approach. Investors may consider holding the stock for now and monitoring its performance closely.