Stock market analyst Mitesh Thacker has maintained 'sell' rating on Yes Bank Ltd stock with target of Rs 259.

According to analyst, the investors can sell the stock with stop loss of Rs 276.50.

Today, the shares of the bank opened at Rs 271 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 299.50 and a low of Rs 126.10 on BSE.

Current EPS & P/E ratio stood at 14.06 and 19.41 respectively.

Rabobank on June 22 sold 11% interest in the private sector banking institution YES Bank for around Rs 980 crore.

The Netherlands-based bank has diluted its equity stake to 4.9% from 15.9% in YES Bank to act in accordance with with the regulatory norms for establishing its own commercial bank in the country.

As per RBI regulations, a subsisting foreign bank in India cannot hold over 5% equity stake in a local private bank.

Rabobank runs in India via Rabo India Finance, which is its wholly-owned non-banking finance company.

At Rs 263 per share, Rabobank sold 3.73 crore shares of the private sector bank to IIs comprising LIC (62.50 lakh shares), Birla Mutual Fund and DSP Merrill Lynch Mutual Fund (50 lakh shares each), and Citigroup Global Markets Mauritius Pvt Ltd (30.65 lakh shares).