'Buy' Axis Bank Maintains ICICI Securities On Attractive Valuations

Overall, Axis Bank is likely to be a key beneficiary of easing liquidity and peaking systemic stress in unsecured retail. The brokerage's estimates are broadly unchanged. It sees a soft H1 FY26 due to pressure in net interest margin and frontloaded credit costs, but a potentially healthy improvement in H2 FY26. As against the muted EPS growth in FY26, ICICI Securities sees strong double-digits growth for FY27E led by a NIM uptick an...