Axis Bank shares surged 3.2% on Thursday, reaching ₹1,276 and marking a fresh one-year high. The rally extended into its fifth consecutive trading session, driven by sustained investor optimism following the bank’s Q2FY26 earnings release.
Despite reporting a 26% year-on-year decline in net profit for the September quarter, the market responded positively to improvements in asset quality and robust loan growth. Analysts noted that the bank’s operational metrics showed resilience, with several brokerage firms revising their target prices upward. Estimates now range between ₹1,250 and ₹1,460, reflecting confidence in the bank’s long-term performance.
Axis Bank, India’s fourth-largest private sector lender, has seen consistent buying interest since the earnings announcement. The rally is attributed to investor belief that the one-time hit in Q2 was offset by structural improvements in the bank’s balance sheet and lending portfolio.
Market experts also highlighted that the bank’s valuation remains attractive, even after the recent price surge. With a price-to-earnings ratio of 14.77 and earnings per share at ₹83.76, Axis Bank continues to be a preferred pick among institutional investors.
The stock’s momentum is expected to continue in the near term, provided macroeconomic conditions remain stable and the bank maintains its growth trajectory.
