Shares of HDFC Bank and Axis Bank climbed as much as 2.5% in Monday trading, marking a positive reception to their first-quarter fiscal 2027 earnings reports.
The gains stood in sharp contrast to the performance of Kotak Mahindra Bank, whose shares slid up to 3.5% during the same session.
The divergent price action highlights a split in market sentiment across India’s largest lenders as more than 20 banking companies announced their quarterly results.
Investors appear to be rewarding the top-tier performers while penalizing peers that may have missed expectations or signaled weaker near-term prospects.
Analysts are closely watching the sector for signs of credit growth resilience amid broader macroeconomic headwinds.
Seema Srivastava, a senior research analyst at SMC Global Securities, noted that for long-term investors, certain private lenders remain attractive as defensive compounders despite the short-term volatility.