Investor focus shifts to private sector banks, with Axis Bank set to kick off earnings later on Thursday. The stock is trading 12% below its all-time high.
According to reports, Axis Bank is expected to post a muted Q1FY26 performance due to sluggish loan growth and weak margins. Net interest income is projected to grow by around 2%, while profit after taxes is expected to increase by 3.5%.
Retail sentiment on Stocktwits turned ‘bearish’ from ‘neutral’ a day earlier. It is among the top 10 trending stocks on the platform.
From a technical perspective, Axis Bank stock appears to be consolidating just above the ₹1,110 - ₹1,130 support zone, as observed by SEBI-registered analyst Rohit Mehta.
The recent price action indicates a sideways-to-bullish bias, with gains from the March 2025 lows showing signs of a pause, Mehta said. A sustained move above ₹1,130 could push the stock toward the ₹1,240 - ₹1,260 region, while a break below ₹1,110 could lead to ₹945.65.
On the fundamentals front, Axis Bank posted a 7.35% growth in revenue in its fourth quarter (Q4FY25). However, profit before tax (PBT) and EPS fell on a year-on-year basis. The bank boasts a strong 5-year profit CAGR of 72.2% and an improved working capital cycle; however, concerns remain regarding its low interest coverage ratio and high contingent liabilities of ₹29.5 lakh crore, the analyst noted.
Shareholding trends reveal declining stakes by both promoters and foreign investors (FIIs), while domestic investors (DIIs) increased their holding to 40.87%.
The stock was down marginally to ₹1,165.80 in early trade, and has gained nearly 9% year-to-date (YTD).
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