Goldman Sachs keeps INR 1,477.00 target for Axis Bank stock

Published on 10/16/2026 at 16:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Axis Bank has a 14.51 price-to-earnings ratio on October 16, 2026. Axis Bank stock closed at INR 1,290.00, up 0.16 percent versus INR 1,288.00.

Goldman Sachs maintains its view

Goldman Sachs maintained its Buy rating and set an INR 1,477.00 target on October 6, 2026.
Analysts projected second-quarter fiscal 2027 net profit growth of 37-43 percent.
Axis Bank stock closed at INR 1,290.00 on October 16, 2026 at 3:28 p.m. IST, up 0.16 percent versus the prior close of INR 1,288.00.
Axis Bank is scheduled to publish its September-quarter results on October 17, 2026.

Axis Bank, INE238A01034, Illustration mit AI erstellt.

Goldman Sachs maintained its Buy rating on Axis Bank and set an INR 1,477.00 target on October 6, 2026, according to Moneycontrol. The target stands 14.50 percent above the NSE price of INR 1,290.00. Axis Bank closed at INR 1,290.00 on the NSE on October 16, 2026 at 3:28 p.m. IST, up 0.16 percent versus the prior close of INR 1,288.00.

The target leaves room above the close

The Goldman Sachs target gives the stock a defined valuation reference as Axis Bank prepares to report its September-quarter figures. The bank's price-to-earnings ratio was 14.51 on October 16, 2026, while its market capitalization stood at INR 4.0 trillion.

Stock position on October 16

The NSE session ranged from INR 1,270.60 to INR 1,293.40, leaving the close 9.05 percent below the 52-week high of INR 1,418.30. The 52-week low was INR 1,150.30. Trading volume reached 8,766,817 shares against an average volume of 6,291,189 shares.

Business Standard reported on October 16, 2026 that analysts projected second-quarter fiscal 2027 net profit growth of 37-43 percent, while net interest margins could decline by 7-12 basis points sequentially, according to Business Standard. That contrast puts earnings quality and margin resilience alongside the analyst target.

Valuation and reporting date

Axis Bank operates across retail, corporate and treasury banking, giving the upcoming figures several operating reference points. Its September-quarter results are scheduled for October 17, 2026, and the bank's earnings call is scheduled for 6:20 p.m. IST that day, as reported by Zee Business.

Comparison with peers

Axis Bank (NSE, INR): 0.16 percent, P/E 14.51, market capitalization INR 4.0 trillion
HDFC Bank (NSE, INR): 0.28 percent, P/E 14.24, market capitalization INR 11.2 trillion
ICICI Bank (NSE, INR): 0.55 percent, P/E 18.06, market capitalization INR 10.0 trillion

NSE close and investor view

Axis Bank finished the October 16, 2026 session below its yearly high, with volume above its average and the analyst target 14.50 percent above the close. The next scheduled results date gives the valuation reference a near-term reporting checkpoint.