Axis Bank Shares Drop Over 5% on Weak Q1 Results

nk shares fell over 5% to Rs 1,099 on July 18, 2025, after a disappointing Q1 performance marked by muted profit growth, higher slippages, and shrinking margins. The bank’s gross NPA ratio rose to 1.57% from 1.28%, and net NPA increased to 0.45% from 0.33%. Brokerages, including Nuvama and Motilal Oswal, cut earnings estimates and target prices, with Nuvama downgrading to "hold" at Rs 1,180 and Motilal maintaining "neutral" at Rs 1,250. Bernstein retained an "outperform" rating with a Rs 1,300 target despite noting weak earnings and asset quality deterioration.