Axis, AU Bank, PNB: Brokerages identify 5 bank stocks after RBI hikes rate
RBI moved higher.
7 Oct 2026 · Business Standard Mkts
Axis Bank, Karnataka Bank, PNB, AU Bank and City Union Bank are the 5 bank stocks identified by Ajit Mishra of Religare Broking and Hitesh Rathi of Angel One based on the technical chart set-up.
The analysis
Against that, the stock is +2.1% on the day at ₹1,247.40, and has returned -7.0% over three months. It sits 11% below its 52-week high. The banks sector has moved -4.0% over the same period, so Axis Bank is running 3.0 points behind its peers.
For Axis Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- With RBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The company directly in focus is AXISBANK.
- Sector exposure: Banks, Capital Markets.
In this story
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