The stock, which opened at ₹1,277.10, saw heavy selling pressure with over 11.5 crore shares changing hands, generating a turnover of ₹1,422.63 crore. The scrip hit an intraday low of ₹1,216.90 during the session.
Citi Research maintained its ‘Neutral’ rating on Axis Bank with a target price of ₹1,285, suggesting minimal upside from current levels. The broker noted that management now expects NIMs to bottom out in the fourth quarter of FY26 or the first quarter of FY27, a delay from the previously expected Q3 of FY26.
Management forecasts a shallow, ‘C’-shaped NIM trajectory towards a targeted 3.8 percent over the next 15 to 18 months, Citi said. On the upside, corporate lending is showing improved traction, while the retail segment is recovering on pent-up demand, although sustainability needs to be monitored.
Card stress is easing and personal loans are stabilizing, with export-oriented SMEs showing no signs of stress. Gross slippages are likely to experience seasonal volatility in the third quarter due to the agricultural segment facilities, although less severe than in the first quarter.
The stock is up 5.92 percent over the past year, but remains below its 52-week high of ₹1,304 hit on November 27.
Published on December 16, 2025
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