Yes Bank Shares Dip 3% Post Q3 Results; Brokerages Bearish on Growth, Returns

• Yes Bank shares fell 3% despite a 55% year-on-year rise in Q3 net profit, driven by reduced provisions.
• Brokerages like Anand Rathi and Emkay Global flagged concerns over weak credit growth, sub-par returns, and high valuations.
• Emkay Global maintained a 'Sell' rating with a target price of Rs 20, citing anemic credit growth and reliance on NPA recoveries.
• Citi also holds a 'Sell' stance, monitoring the Supreme Court hearing on AT-1 bonds as a potential overhang.
• Analysts, on average, rate the stock 'Sell' with a median target price of Rs 18, indicating further downside.

Why It Matters: Despite profit jump, Yes Bank faces brokerage skepticism due to weak growth, low returns, and valuation concerns.