AXISBANK

Positive Catalysts Q3 FY26 Profit Beat: Net profit rose 3% YoY, beating expectations, with stronger loan growth driving the upside. Stock Momentum: Reached the highest in 18 months after earnings surprise. Strong Loan and Deposit Growth: Advances and fee income climbing, albeit retail loan growth was modest. High Analyst Buy Consensus: 82.5% of analysts have “Buy” ratings, average target ₹1,408. Bullish Targets from Brokers: Some brokerages target ₹1,450–₹1,500+ on improving fundamentals. ⚠️ Headwinds / Risks NIM Pressure: Net interest margins have softened, partly due to rate movements. Margin Outlook Uncertainty: Citi Research warned margin recovery may lag expectations. Market Context: Heavy IPO supply in 2026 may cap broader market upside — could limit sector gains.