Nomura said Axis Bank is on the right track in terms of growth, as the management maintained its stance of 300-400 bps above-industry-growth in steady state.
Axis Securities said that IndusInd Bank has delivered a decisive breakout on the weekly chart, completing an ascending triangle pattern and signalling the start of a medium-term uptrend.
Axis Bank's valuations at 1.5 times estimated FY27 adjusted book value should cushion any downside, said a broking firm.
In the September quarter, banks had delivered some margin related surprises, with many of them reporting an earlier-than-expected recovery, even after absorbing the full impact of the 50 bps rate cut in June 2025.
Axis Bank stock price: Axis Bank stock rose to an intra day high of Rs 1,273 against the previous close of Rs 1265.25. Later, the stock closed 0.38% higher at Rs 1270.05.
The firm’s bullish stance comes despite a sharp year-on-year decline in net profit, citing a strong operational performance that exceeded expectations.
Axis Bank stock price: Axis Bank stock has gained 4.23 per cent in one year and risen 12 per cent since the beginning of this year.
Axis Bank Q2 earnings review: The bank made a one-time standard asset provisioning of Rs 1231 crore following an RBI inspection related to two discontinued crop loan variants.
Axis Bank Q2 earnings: Net interest income rose 2% to Rs 13,475 crore in the September 2025 quarter.
Axis Securities said that Canara Bank has registered a decisive breakout above the Multiple resistance zones on the weekly chart, signalling the continuation of a medium-term uptrend.
The top picks from Axis Securities are Kotak Mahindra Bank, Federal Bank, JSW Energy, Coforge, DOMS Industries, Chalet Hotels, Rainbow Children's Medicare, Minda Corp, and KEC International.
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