Centrum cuts target for Axis Bank stock from INR 1,630 to INR 1,530

Published on 10/21/2026 at 12:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 profit reached INR 70.03 billion, up 38 percent year over year. A 3.36 percent margin frames the Axis Bank stock case after October 17, 2026 results.

Margins and valuation signals

Centrum Broking cut its target from INR 1,630 to INR 1,530 on October 19, 2026.
Axis Bank reported INR 70.03 billion in second-quarter profit, up 38 percent year over year.
Axis Bank had an INR 3.8 trillion market capitalization on October 21, 2026.

Axis Bank, INE238A01034, Illustration mit AI erstellt.

Centrum Broking cut its target for Axis Bank stock from INR 1,630 to INR 1,530 on October 19, 2026, as reported by The Economic Times. The change followed a quarter with strong profit growth but weaker margins and operating-cost pressure.

Q2 profit rose as provisions fell

Axis Bank reported standalone net profit of INR 70.03 billion for the second quarter of fiscal year 2027, up 38 percent from INR 50.89 billion a year earlier. Business Standard reported that net interest income rose 12 percent to INR 153.71 billion, while provisions fell 52 percent to INR 16.94 billion.

The counterweight was the margin. Net interest margin was 3.36 percent in the quarter, down from 3.73 percent a year earlier, while the gross non-performing asset ratio improved to 1.16 percent as of September 30, 2026.

What does the target cut mean?

The broker revisions point to a split assessment. DSIJ reported that Prabhudas Lilladher raised its target from INR 1,550 to INR 1,600 on October 18, 2026, citing improving asset quality, while also flagging weaker fee income and higher operating expenses. Its reported net interest margin estimate excluding FCNR effects was 3.47 percent.

That difference matters because loan growth remained strong, but the funding mix affected profitability. Advances rose 23 percent year over year and 9 percent sequentially to INR 13.74 trillion as of September 30, 2026, while deposits increased 21 percent to INR 14.52 trillion.

Three dates set the sequence

On October 17, 2026, Axis Bank reported INR 70.03 billion in second-quarter profit. On October 18, 2026, Prabhudas Lilladher raised its target to INR 1,600. On October 19, 2026, Centrum Broking cut its target from INR 1,630 to INR 1,530.

NSE price and valuation

Axis Bank was last at INR 1,210.00 on the NSE on October 21, 2026 at 3:29 p.m. IST. Its market capitalization was INR 3.8 trillion on October 21, 2026, and its 52-week range was INR 1,150.30 to INR 1,418.30.