Axis Bank stock gains on a Jefferies buy call
Published on 08/29/2026 at 10:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Axis Bank Ltd (INE238A01034) is in view after a Jefferies call put the shares at Rs 1,700, versus a last quoted pre-opening price of Rs 1,265.00 on August 28, 2026. That implies a 38 percent upside from the Rs 1,236 reference price cited in the same note.
What the call says
The latest market read also shows a 52-week range of Rs 1,042.50 to Rs 1,418.30, which leaves the shares 10.81 percent below the high on August 28, 2026. The stock's day range was Rs 1,248.20 to Rs 1,265.40 in the same quote snapshot.
For investors, the comparison is straightforward: the target price is Rs 464.00 above the quoted Rs 1,236 reference and Rs 435.00 above the latest pre-opening price. That gap puts the focus on valuation more than a near-term breakout.
Business pulse
Axis Bank said its broader corporate loan book grew 38 percent year over year in Q1FY27, while the mid-corporate portfolio rose 27 percent. Businessworld also reported on August 29, 2026 that the bank is stepping up its mid-corporate push and eyeing Rs 1 lakh crore in that segment.
Axis Bank's home loan page lists rates from 8.75 percent, and the bank's August 2026 rate table shows selected salaried ASHA home loan pricing at 10.15 percent to 11.90 percent. Those figures matter because lending spreads and loan mix remain central to the bank's earnings path.
Product line
Home loans remain a core retail product, and Axis Bank's published rate card shows pricing linked to CIBIL bands and borrower profile. The bank also flags ASHA home loans as a separate program with a wider spread band than standard salaried loans.
Price view
Axis Bank shares were last quoted at Rs 1,265.00 on August 28, 2026, with a 52-week range of Rs 1,042.50 to Rs 1,418.30. That keeps the stock inside a broad trading band even after the latest analyst target move.
Fact box
Company: Axis Bank Ltd
ISIN: INE238A01034
Ticker: AXISBANK
Exchange: NSE
Price (as of August 28, 2026, 03:59 p.m. IST): Rs 1,265.00
Market cap: Rs 3.91 trillion
Sector / Industry: Financials / Banks
Index membership: Nifty 50
