Axis Bank shares fall 5% after Q1 earnings fail to cheer D-Street. What brokerages say

Axis Bank reported Q1 FY27 net profit of Rs 7,114 crore, up 23% YoY and ahead of estimates, while NII rose more than 8% YoY to Rs 14,646 crore. However, NIM slipped 16 bps QoY to 3.46% and GNPA ratio rose sequentially to 1.28% from 1.23%, driving shares down 5%. Brokerages are split, with Nuvama and Centrum keeping Buy calls at Rs 1,650 and Rs 1,720 targets, while Motilal Oswal stayed Neutral with a Rs 1,500 target citing weak NIM and subdued retail growth.