Jefferies set an INR 1,700.00 target for Axis Bank stock

Published on 10/13/2026 at 09:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gross advances rose 22.70 percent year over year in September 2026. For Axis Bank stock, deposits reached INR 14.52 trillion.

Jefferies set an INR 1,700.00 target and kept a Buy rating on Axis Bank on October 7, 2026.
Gross advances rose 22.70 percent year over year to INR 13.85 trillion by September 30, 2026.
Axis Bank reported deposits of INR 14.52 trillion and has scheduled second-quarter results for October 17, 2026.
NSE data put Axis Bank's market capitalization at INR 3.9 trillion on October 12, 2026.

Axis Bank, INE238A01034, Illustration mit AI erstellt.

Jefferies set an INR 1,700.00 target for Axis Bank stock and kept a Buy rating, according to The Economic Times on October 7, 2026. The target implied 39.00 percent upside in the report, while Axis Bank's September business update showed advances and deposits growing at double-digit rates.

Growth reached INR 13.85 trillion

CNBC TV18 reported on October 5, 2026 that gross advances reached INR 13.85 trillion as of September 30, 2026, up 22.70 percent year over year and 8.80 percent from June 30, 2026.

Total deposits stood at INR 14.52 trillion, up 20.70 percent year over year and 5.80 percent quarter over quarter. CASA deposits reached INR 5.30 trillion, rising 10.60 percent year over year, while term deposits grew 27.30 percent to INR 9.23 trillion.

What does the rate view mean?

Jefferies expects 75 to 100 basis points of further rate hikes, compared with an earlier 50-basis-point expectation, The Economic Times reported on October 7, 2026. Axis Bank was classified as a mid-range beneficiary because its external benchmark-linked loans can reprice faster, although its higher loan-to-deposit ratio and wholesale deposits may moderate the benefit.

The same analysis put Axis Bank's potential earnings sensitivity at 3.00 percent if 75 basis points of rate increases flow through to yields and banks retain 15.00 percent of the benefit. That makes funding mix and loan repricing the key checks for the next results cycle.

Three dated signals for the stock

On October 5, 2026, Axis Bank disclosed September advances of INR 13.85 trillion and deposits of INR 14.52 trillion. On October 7, 2026, Jefferies assigned the INR 1,700.00 target and Buy rating. On October 12, 2026, Axis Bank announced a 6:20 p.m. IST earnings call for October 17, 2026, according to TradingView.

Dates for the next report

October 17, 2026 is scheduled for Axis Bank's second-quarter financial results and its 6:20 p.m. IST earnings call, giving investors two linked updates on the same reporting date.

Market value and reporting date

NSE data showed Axis Bank's market capitalization at INR 3.9 trillion on October 12, 2026. The stock was listed under ticker AXISBANK on the NSE and included in the NIFTY 50, while the September operating figures supplied a stronger quantified comparison than the bank's scheduled event alone.