Yes Bank shares jump 3% after Q4 earnings beat estimates. Here’s what Morgan Stanley, other brokerages say

Yes Bank shares rose after reporting a strong March quarter with sharp growth in net profit and net interest income, alongside improved asset quality. However, brokerages remain cautious, citing expensive valuations, reliance on recoveries, and below-industry growth, raising concerns over the sustainability of profitability and near-term upside potential in the stock.