Axis Bank slides 5% after muted Q4; brokers weigh in
Axis Bank slides 5% after muted Q4; brokers weigh in
Axis Bank posts a marginal Q4FY26 profit dip as income grows and costs rise; shares fall 5% while brokerages maintain a neutral stance with a Rs 1,475 target.
Brokerage commentary followed suit. Motilal Oswal has maintained a Neutral rating with a target price of Rs 1,475, implying about an 8% upside. The brokerage noted that credit costs declined in the quarter and stress in the unsecured portfolio eased, helping momentum in higher-yielding assets and reducing reversals. The bank continues to signal a medium-term loan growth target around 300 basis points above industry levels, signaling a constructive stance on growth even as the equity response remains wary.
