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Axis Bank Share Price Falls 4 Percent Despite Strong Q2 Profit: Should You Buy, Sell or Hold?
M
Moneycontrol•19-10-2026, 16:38
Axis Bank Share Price Falls 4 Percent Despite Strong Q2 Profit: Should You Buy, Sell or Hold?
- •Axis Bank reported a 37.59 percent surge in standalone net profit at Rs 7,003.28 crore for the July-September quarter.
- •Total income for the quarter increased by over 14 percent year-on-year to Rs 42,949.32 crore.
- •Asset quality improved significantly as gross NPA dropped to 1.16 percent and net NPA declined to 0.35 percent.
- •Major brokerages including Jefferies, JPMorgan, and Citi have maintained positive ratings with target prices up to Rs 1,700.
Key Questions Answered
Axis Bank reported a standalone net profit of Rs 7,003.28 crore for the July-September quarter, marking a 37.59 percent increase compared to the same period last year.
The bank's asset quality improved with the gross NPA ratio decreasing to 1.16 percent and the net NPA ratio declining to 0.35 percent during the September 2026 quarter.
Jefferies maintained a 'Buy' rating with a target price of Rs 1,700, JPMorgan raised its target price to Rs 1,620, and Citi set a target price of Rs 1,620 per share.
