Yes Bank will stand out in the next 12 months even though other lenders seem to be extremely healthy, said SP Tulsian of sptulsian.com on Tuesday.
In an interview with CNBC-TV18, Tulsian said, "Last week when it (Yes Bank) was ruling at around Rs 135, we said that it can move to Rs 160 in the next one month or so. In fact, we are keeping an extremely positive view. I do not think that there was any kind of negative even from the Q4 numbers."
“...HDFC Bank, Kotak Mahindra Bank, ICICI Bank, Axis Bank - all are seen to be extremely healthy banks. However, on a relative basis from a stock market price appreciation, probably Yes Bank will stand out in the next 12 months,” he added.
Speaking about Punjab National Bank (PNB) Q4 results, Tulsian said, “I am not disappointed with the number. The only pattern which we have seen in case of PNB is the same pattern which we have seen in case of weak banks maybe like Allahabad Bank, Andhra Bank, Union Bank where a lot of provisions have been made and that has translated into the losses. However, because of that, the provision coverage ratio improves."
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