Kotak has recommended buying shares of Fractal Analytics, a recently listed artificial intelligence and analytics company, setting a price target that implies a 24% upside from current levels.

Fractal Analytics, headquartered in Mumbai, India, provides AI-driven solutions and advanced analytics services to global enterprises. Founded in 2000, the company has built a client base that includes Fortune 500 companies across sectors such as retail, financial services, insurance, healthcare, and technology. It operates delivery centers across North America, Europe, and Asia, positioning itself in a competitive landscape that includes global consultancies and specialized analytics providers. The company completed its initial public offering and began trading on Indian stock exchanges.

The initiation by Kotak adds to building analyst coverage following Fractal's public listing. According to the report, eight analysts currently cover Fractal Analytics. Of these, five have assigned a "buy" rating, two recommend "hold," and one has a "sell" rating. The price target issued by Kotak marks the fourth analyst target of ₹1,000 or higher for the stock. The breadth of coverage reflects institutional interest in India's analytics services sector, which has attracted attention as global enterprises increase spending on data-driven decision-making and AI capabilities.

Key metrics that market participants are tracking include Fractal's revenue growth, client retention rates, and margin trajectory as the company scales its AI platform offerings amid a rapidly evolving competitive environment.

The recommendation was published by CNBC-TV18 Markets. The original article is available at CNBC-TV18.