Indian brokerages issue buy ratings for Kotak Mahindra Bank, PB Fintech, and Kirloskar Oil Engines

Various Indian brokerages have issued specific buy recommendations and price targets for several companies.

Choice Broking has recommended buying Kotak Mahindra Bank at Rs 419, with a target price of Rs 460 and a stop loss of Rs 403. The firm also suggested buying PB Fintech, the parent company of Policybazaar, around Rs 1,795, setting a target of Rs 1,940 and a stop loss of Rs 1,730. Additionally, Indian Railway Finance Corporation (IRFC) was identified as a stock showing bullish technical patterns.

Separately, ICICI Securities initiated coverage on Kirloskar Oil Engines with a BUY rating. The brokerage set a sum-of-the-parts target price of Rs 2,850, representing a potential 28 percent upside from its current price of Rs 2,230. The recommendation is based on the company's transition toward providing power solutions for defense, nuclear, and hyperscale data centers.