Yes Bank can fall 28%, risk-reward is not justified: Kotak Institutional Equities
Stating that risk-reward is not justified to be positive at current levels, research firm Kotak Institutional Equities maintained a sell rating on with a fair value of Rs 16, which implies a downside of 28% from the current market price. Kotak Institutional Equities in its report said that “we are surprised at the valuation at … Read more