Axis Bank profit rises 38% as brokerages diverge on targets
In short
Axis Bank reported Q2 FY27 standalone net profit of Rs 7,003 crore, up 38% from a year earlier. Net interest income also rose 12%.
This matters because some brokers stayed positive while others cut target prices. The report does not give the new targets or explain the cuts.
What the reporting says
Axis Bank reported a 38% year-on-year rise in standalone net profit to Rs 7,003 crore in Q2 FY27, while net interest income rose 12%, according to a publisher-supplied summary. Jefferies kept a Buy rating, but Centrum Broking and Dolat Capital lowered their target prices. The immediate consequence is mixed broker reaction, while the reporting does not state the new targets or management commentary.
Why it matters
Axis Bank’s Q2 FY27 update showed stronger profit and income growth, which helped keep the stock in focus. The publisher-supplied summary says Jefferies maintained a Buy rating, while Centrum Broking and Dolat Capital reduced target prices. The report does not provide the revised targets or detail what drove the different brokerage views.