Buy Kotak Mahindra Bank: Mohindar

Kotak Mahindra Bank is looking good in banking space and one can look it to buy, says Rahul Mohindar, Director, viratechindia.com.

Mohindar told CNBC-TV18, "Its going to be a stock specific market and there is enough room to make significantly higher returns compared to some of these fixed instruments. If we look at sectors within the stocks, I think banking is one which could do pretty well. If you look at something like Kotak Mahindra Bank, we recently nicked the 52 week high." He further added, "We have a market which is still looking vulnerable and weak, but the Bank Nifty which is looking good, stocks like Kotak Mahindra Bank look good to me. So, I would really look at buying within banking. You got to cherry pick between – amongst the smaller ones, Dena Bank is something that I like at these levels. Downsides look limited, so that’s one sector I would really look at. The sector I would tend to avoid at this level would be four wheeler or commercial auto’s. I would still look at selling into those. If you want to be in auto’s be in something like Hero Motocorp, that’s going to be the safer bet."