[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

![wegro_app Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1787088114588209152.png) Wegro App [@wegro_app](/creator/twitter/wegro_app) on x 10.3K followers
Created: 2025-07-18 09:12:57 UTC

📊 Axis Bank Ltd | Broker Report | 𝘉𝘜𝘠 𝘊𝘢𝘭𝘭 🟢

🏢 𝘉𝘶𝘺 𝘈𝘹𝘪𝘴 𝘉𝘢𝘯𝘬; 𝘵𝘢𝘳𝘨𝘦𝘵 𝘰𝘧 𝘙𝘴 1370: 𝘐𝘊𝘐𝘊𝘐 𝘚𝘦𝘤𝘶𝘳𝘪𝘵𝘪𝘦𝘴
📈 𝘙𝘦𝘤𝘰𝘮𝘮𝘦𝘯𝘥𝘢𝘵𝘪𝘰𝘯: BUY
🏛️ 𝘉𝘳𝘰𝘬𝘦𝘳𝘢𝘨𝘦: ICICI Securities

Axis Bank: Brokerage Report

ICICI Securities maintains a BUY rating on Axis Bank with a target price of ₹1,370 (reduced from ₹1,470). 🏦 The rationale is based on valuations, despite the bank's Q1FY26 results showing a rise in gross/net slippages and credit costs due to technical reasons. The report anticipates a strong rebound in growth and RoA in FY27. ⬆️

- 𝗕𝗿𝗼𝗸𝗲𝗿𝗮𝗴𝗲 𝗙𝗶𝗿𝗺: ICICI Securities Limited
- 𝗥𝗲𝗰𝗼𝗺𝗺𝗲𝗻𝗱𝗮𝘁𝗶𝗼𝗻: BUY (Maintain)
- 𝗧𝗮𝗿𝗴𝗲𝘁 𝗣𝗿𝗶𝗰𝗲: ₹1,370 (₹1,470 earlier)

- 𝗥𝗮𝘁𝗶𝗼𝗻𝗮𝗹𝗲:
  ▪ Deterioration in asset quality due to 'technical reasons'.
  ▪ Anticipated sharp revival in growth and RoA in FY27.
  ▪ Stock trades inexpensive at ~1.4x FY27E core banking book.

- 𝗞𝗲𝘆 𝗠𝗲𝘁𝗿𝗶𝗰𝘀:
  ▪ Gross slippages and credit costs impacted RoA.
  ▪ NIM declined ~17bps QoQ to 3.8%.
  ▪ FY26E EPS cut by 7%.
  ▪ FY27E PAT estimates cut by ~2%.
  ▪ CET X stands healthy at 14.68%.

- 𝗞𝗲𝘆 𝗥𝗶𝘀𝗸𝘀:
  ▪ Higher-than-expected slippages.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:

- 𝗔𝘀𝘀𝗲𝘁 𝗤𝘂𝗮𝗹𝗶𝘁𝘆:
  ▪ Gross/net slippages jumped to ~3.1%/2.3% annualised.
  ▪ Credit costs spiked to 1.5%.
  ▪ Technical impact on asset quality parameters.

- 𝗟𝗼𝗮𝗻 𝗚𝗿𝗼𝘄𝘁𝗵 𝗮𝗻𝗱 𝗡𝗜𝗠:
  ▪ Bank aims for outpacing industry on loan growth in FY26.
  ▪ NIM declined ~17bps QoQ to 3.8%.
  ▪ Expect healthy revival beginning Q3FY26 as deposits repricing gathers pace.

- 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲:
  ▪ FY26 PAT estimates cut by ~7%.
  ▪ Strong >15% YoY growth in NII/PAT for FY27.

𝗗𝗶𝘀𝗰𝗹𝗮𝗶𝗺𝗲𝗿: This summary is based on the provided broker report and does not constitute financial advice. Investors should conduct their own research before making investment decisions.

🔗 𝘙𝘦𝘢𝘥 𝘍𝘶𝘭𝘭 𝘙𝘦𝘱𝘰𝘳𝘵:

⚡️AI-driven watchlist alerts on WhatsApp - Try FREE 👉 #BrokerageReport


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946136098381639968/c:line.svg)

**Related Topics**
[$axisbankns](/topic/$axisbankns)

[Post Link](https://x.com/wegro_app/status/1946136098381639968)