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

Published on 10/19/2026 at 10:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Centrum cuts the target for Axis Bank stock from INR 1,630 to INR 1,530. Profit rose 38 percent to INR 70.03 billion in fiscal 2027's second quarter.

Analyst pressure and bank metrics

Centrum Broking cut its target from INR 1,630 to INR 1,530 on October 19, 2026.
Axis Bank's net interest margin stood at 3.36 percent in the second quarter of fiscal 2027.
Axis Bank stock traded at INR 1,232.50 at 9:33 a.m. IST on October 19, 2026.

Axis Bank, INE238A01034, Illustration mit AI erstellt.

Axis Bank (INE238A01034) saw Centrum Broking cut its target from INR 1,630 to INR 1,530 on October 19, 2026, according to The Economic Times. The cut followed second-quarter results that showed strong loan growth but a profit shortfall against consensus.

Targets split after earnings

Standalone net profit rose 38 percent year over year to INR 70.03 billion in the second quarter of fiscal 2027, up from INR 50.89 billion a year earlier, but came below the INR 71.24 billion average estimate. Net interest income increased 12 percent year over year to INR 153.71 billion, while operating profit rose 6 percent to INR 110.83 billion, Moneycontrol reported on October 19, 2026.

The earnings mix explains the divided analyst response. The net interest margin was 3.36 percent, while the figure excluding the impact of FCNR-B deposits was 3.47 percent. Gross non-performing assets improved to 1.16 percent from 1.46 percent a year earlier, and net non-performing assets declined to 0.35 percent from 0.44 percent.

What does the margin figure mean?

The central question is whether loan expansion can translate into better core profitability. Advances grew 23 percent year over year and 9 percent quarter over quarter, while deposits rose 21 percent year over year to INR 14.52 trillion. That growth supports the balance sheet, but higher operating expenses and weaker treasury income reduced the quality of the headline profit increase.

Brokerage views now span a wide target range. Jefferies retained a Buy rating and a INR 1,700 target, while Centrum kept Buy after cutting its target to INR 1,530. Dolat Capital retained Accumulate and reduced its target to INR 1,470 from INR 1,525, citing pressure on sustainable margins, MarketScreener reported on October 19, 2026.

NSE price and valuation context

Axis Bank stock stood at INR 1,232.50 on the NSE at 9:33 a.m. IST on October 19, 2026. The NSE 52-week range was INR 1,150.30 to INR 1,418.30, while market capitalization stood at INR 3.8 trillion.