What to buy, sell and hold

> IIFL has maintained its buy rating on Kotak Mahindra Bank as well as the target price of Rs 860. The brokerage said that strong sequential loan growth across product lines, uptick in CASA deposit acquisition, and fee income in the second quarter of FY16 point to revenue and productivity synergies. Also, successful achievement of various key milestones in the merger integration of ING Vysya (INGV) with Kotak Mahindra Bank (KMB) suggests frictionless progress. The stock rose 0.71% to Rs 705.90 on Monday.

> ICICI Securities has maintained a buy rating on Jet airways with a target price of Rs 790. The brokerage said that given the improvement in macro factors like healthy industry passenger traffic growth coupled with lowest ATF prices, the company is expected to report healthy revenue growth along with better margins during 2014-17. The stock rose 4.65% to Rs 637.45 on Monday.

> Religare Capital Markets has recommended a hold rating on Idea Cellular with a target price of Rs 150. The brokerage said that while Idea’s 4G launch will strengthen its high-speed data offering. The stock fell 0.92% to Rs 139.85 on Monday.

> ICICI Securities has maintained its buy rating on Somany Ceramics and has upgraded the stock’s target price to Rs 465. Somany has announced that its administrative outcome committee has approved a qualified institutional placement (QIP) of Rs 120 crore. The stock rose 0.08% to Rs 374.30 on Monday.