Exit Kotak Mahindra Bank on rally: Mavani

Exit Kotak Mahindra Bank on rally, says Vivek Mavani, Vice President & Senior Portfolio Manager, Brics Securities.

Mavani told CNBC-TV18, "In banking sector itself, we have seen almost a 22% correction from the peaks since the first week of November and a significant de-rating of the sector itself. Although couple of days back Axis beat expectations, outlook was strong and most of the concerns the market seem to have for the banking sector, at least Axis Bank allied those fears that some of those fears are either exaggerated or likely to materialize in the near term. Having said that, the key risk still remains not so much about the NIM