Pending — not yet graded
“Retained 'Buy' call on Axis Bank with a target price of ₹1,650, implying over 24% upside. The bank delivered strong 19% credit growth, and while NIM slipped, management aims for 3.8% over 12-15 months. Nuvama expects Axis to benefit from FCNR flows, helping retrace margins and drive RoA from 1.4% (FY26) to 1.6-1.8% (FY27-29).”
Nuvama Analysis’s track record: 4 graded calls · 95% CI 15–85%
Axis BankBullishCalled 20 Jul 2026
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