Exit IDFC Bank; buy Yes Bank, DCB Bank: Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "I would say sell IDFC Bank simply because this has been a market which has really seen a great rally in most of the banking stocks, whether it is private or PSU, PSU maybe a little later in the year when you saw that recapitalisation announcement. However, all said and done, every bank has witnessed some kind of rally. However, IDFC price has been more or less in this Rs 58-65 kind of zone. So I think it makes sense to actually exit the stock and buy either a Yes Bank or a DCB Bank."

IDFC Bank ended at Rs 62.75, down Rs 0.60, or 0.95 percent on the BSE.