“₹614 Cr Hit & Market Sell‐Off: Inside Axis Bank Q1”

Axis Bank Q1FY26 Results & Stock Impact Key Financial Highlights:-- Net profit of ₹5,806 crore, down 4% YoY Net Interest Income at ₹13,560 crore, up 0.8% YoY Gross NPA ratio rose to 1.57%, from 1.28% in Q4FY25 Provisions surged to ₹3,947 crore, sharply higher QoQ and YoY Net Interest Margin contracted to 3.80%, down 17 bps QoQ Immediate Stock Reaction:-- Domestic shares fell 0.6% on the day of results UK-listed GDRs plunged 5% overnight. Immediate Support & Resistance:-- Immediate support for Axis Bank stands at ₹1,160. If the stock fails to hold this level in the wake of its Q1 results, it could extend its decline toward the next major floor around ₹1,100—an area reinforced by both option‐chain positioning and historical price lows. On the upside, ₹1,200 serves as a formidable resistance level that may be difficult to overcome in the near term.