Axis expects financials to lead FY26 earnings growth, thanks to robust credit expansion and healthy Q4FY25 performance. ICICI Bank, with a 12-month forward PE of 19.2x, is seen delivering 14% upside to its target of Rs 1,650. State Bank of India is viewed as attractively valued at 6.6x PE, offering a 26% return potential with a target of Rs 1,025. HDFC Bank is expected to reach Rs 2,250, delivering a 16% upside while offering a 2.7% dividend yield. Shriram Finance rounds out the pack, with a 24% upside to its Rs 790 target, trading at just 11.5x forward earnings.
