Target Price 265 CMP 247.60 INVESTMENT RATIONALE Union bank of India reported net profit of Rs.442.2 Crore during Q1FY10 far ahead of expectations. During Q1FY10 bank reported a net profit of Rs.442.2 Crore as compared to Rs.228.3 Crore in Q1FY09 a increase of 93.7% (y-o-y). Key triggers for banks out performance were decline of...
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Buy Union Bank of India
Buy YES Bank Ltd.
Target Price:Rs244.00 CM Price:Rs186.00 Recommendation The bank has registered a compounded growth rate of around 60 per cent since it interception. We expect the bank to continue to grow at a high rate. We are very positive on the long term business prospects of the company and financial performance. At Current Market Price of...