Stock Views on Yes Bank, Hindustan Zinc

KRChoksey on Hindustan Zinc - Target Rs 754

KRChoksey has recommended a buy rating on Hindustan Zinc, with price target of Rs 754, in its report.

"FY10 and FY11 EV/EBITDA is at 5.2 and 3.5 respectively. We value the firm at FY10E EV/EBITDA of 6.5 which gives us a value of Rs 754 per share and recommend a ‘buy’ on the stock," says KRChoksey's report.


ULJK Securities on Yes Bank - Target Rs 165

ULJK Securities has recommended a hold rating on Yes Bank with a target price of Rs 165 in its research report.

"Yes Bank has reported a better than expected performance for the Q1FY10. The net profit for the quarter stands at Rs 1000 million, a YoY growth of 84% and a QoQ growth of 24.9%. We recommend a hold on the stock with a target price of Rs.165. At our target price, the stock will discount the FY10E book value by 2.5 P/BV and the FY11E adjusted book value by 2.15P/ABV," says ULJK's research report.

ICICIdirect.com on Yes Bank - Target Rs 162

ICICIdirect.com has recommended a hold rating on Yes Bank with a target price of Rs 162 in its research report.

"Yes bank’s Q1FY10 results were ahead of our and street estimates. The bank registered loan book and investment book growth of 26% YoY to Rs 12671 crore and Rs 6409 crore respectively; deposits went up by 22% YoY to Rs 15342 crore (de growth of 5.1% QoQ) which lead to balance sheet growth of 25% YoY to Rs 21669 crore. The bank is likely to maintain RoA of above 1.5%, RoE of above 20% and NIM’s of 3-3.1% for FY11E. So we value the bank at 2x FY11E ABV and arrive at fair value of Rs 162 and rate the stock as hold," says ICICIdirect.com's research report.

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