Yes bank

At current price of 17 mkt cap is 50,000 cr.

• Ignoring asset quality and reverse calculating- just based on Earnings and multiple at 20x PE (HDFC bank is 20x) the PAT should be 2,500 cr. Is this even possible!!
• if you go for lower multiple of 15 or 10x then it become even more impossible
• everybody know asset quality is not great. Yes bank pricing is higher so riskier borrowers or those not getting loan elsewhere will borrow from yes bank
• just fyi UPI payments and credit cards are loss making

After all of this if by some miracle goes to 24 again you are making 40% return. Analysts have given target of 2,200 to HDFC bank which is 30% from current prices.

Which one will you chose?