Investec Capital's Mukul Kochhar calls insurance correction overdone, backs PSU banks on rate hikes

The recent regulatory-driven sell-off in insurance stocks has created a clear buying opportunity, with the market overreacting to proposed commission caps, according to Mukul Kochhar, Head of Equities at Investec Capital Services.Kochhar said, “We believe that the correction is overdone, and we bel…