Axis Securities has issued a BUY call on HDFC Bank in its Axis PUNCH series, setting a three-to-six-month target of Rs 785 against a current price of Rs 715 — about 10 percent of upside.

Prabhudas Lilladher has retained a BUY rating on Kotak Mahindra Bank and nudged its target price up to Rs 500 from Rs 480, against a current price of Rs 417 — implying roughly 20 percent of upside.

Motilal Oswal Financial Services has reiterated a BUY on Indo Count, setting a target of Rs 550 against a market price of Rs 391, a striking upside of about 41 percent.

DRChoksey Research has maintained a BUY on State Bank of India, setting a sum-of-the-parts target of Rs 1,272 against a market price of Rs 1,062, an upside of about 20 percent.

Motilal Oswal Financial Services has reiterated a BUY rating on Kalyan Jewellers, maintaining a target price of Rs700 — an 18% upside from the current market price of Rs591.

ICICI Securities has maintained a Buy rating on Motilal Oswal Financial Services, raising its target price to Rs 1,024 from Rs 975, implying 20% upside from the current market price of Rs 855.