Axis Bank Q2: Analysts see up to 28% upside on sustained earnings growth

Axis Bank shares hit a record high of Rs 905 on the BSE on Friday, surging 9.5 per cent in the intra-day trade, after the bank beat Street's September quarter earnings' expectations across parameters by a wide margin. They closed at Rs 900 level, up 8.9 per cent on the BSE as against 0.2 per cent gain in the benchmark S&P BSE Sensex.

The stock of private sector lender surpassed its previous high of Rs 866.60, touched on October 25, 2021. Key brokerages have raised their target prices on the stock, and see up to 28 per cent upside.