Axis Bank share price dips over 6% after Q1FY27 results

Axis Bank share price dropped about 6% on 20 July 2026 despite a 22.23% year-on-year jump in consolidated net profit to Rs 7,632.31 crore for Q1FY27, as investors focused on net interest margin compression to 3.46% (from 3.80% a year ago) and a marginal rise in gross NPAs to 1.28%. Loan growth of 19% YoY and deposit growth of 18% were highlighted as positives by brokerages, with Nuvama retaining a Buy rating (target Rs 1,650) and Anand Rathi calling it a preferred large-cap banking pick (target Rs 1,622), though technical indicators signalled further near-term weakness below the Rs 1,295-1,300 resistance zone.