Market Axis Bank shares slump 7% after Q1 results: should you buy or sell stock? Updated : July 31, 2019 10:43 AM IST Shares of Axis Bank fell nearly 7 percent after the private lender reported higher provisioning and slippages in the June quarter (Q1FY20). The bank's profit rose 95 percent year-on-year to Rs 1,370 crore, despite a decline in asset quality. Brokerages remained positive on the stock but reduced their target price on weaker asset quality in Q1. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.