One of India’s largest and oldest commercial banks, the CENTRAL BANK OF INDIA has a long and illustrious history of meeting the nation’s banking needs. The bank has established a solid reputation in the market because to its extensive offering of financial services and products, which includes corporate banking, personal banking, and international banking.
Investors are looking for attractive investment possibilities as the world economy works to recover from the effects of the COVID-19 epidemic. With its excellent financials and promising growth potential, the CENTRAL BANK OF INDIA is one such chance.
This article will examine the elements that are anticipated to have an impact on the Central Bank of India’s share price objective from 2023 to 2030.
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CENTRAL BANK IN RECENT NEWS
- The Bonds issued by Central Bank of India yield an annual interest payment of Rs 54 crore.
- The adoption of India’s e-rupee is hindered as central banks promote the use of digital currency.
CENTRAL BANK SHARE PRICE TARGET 2023
|CENTRAL BANK SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
Central Bank of India’s share price prediction for 2023 shows a bullish uptrend, with a gradual increase in the Maximum Price throughout the year. In March, the Maximum Price is predicted to be Rs 24.25, while the Minimum Price is expected to be Rs 18.65. This indicates a potential growth percentage of approximately 30%. The Maximum Price is expected to continue to rise steadily over the following months, with a predicted Maximum Price of Rs 43.38 in December 2023, representing a growth percentage of around 78% from the start of the year. The share price prediction suggests that the Central Bank of India is likely to have a strong year in 2023, with the potential for significant growth in its share price. However, as with any investment, there are always risks involved, and it is important to conduct thorough research and analysis before making any investment decisions.
CENTRAL BANK SHARE PRICE TARGET 2024
|CENTRAL BANK SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
Looking at the share price prediction for Central Bank of India in 2024. In January, the Maximum Price is predicted to be Rs 45.66, which is significantly higher than the Minimum Price of Rs 1037.03, indicating that there might be some data inconsistencies. However, it is important to note that as the year progresses, the share price is predicted to stabilize and show a gradual increase. The Maximum Price is expected to reach Rs 60.73 by December 2024, with a Minimum Price of Rs 46.72. This suggests a potential growth percentage of around 30% for the year. It is important to keep in mind that these are only predictions and there may be external factors that can impact the actual share price. Investors should conduct their own analysis and research before making any investment decisions.
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CENTRAL BANK SHARE PRICE TARGET 2025
|CENTRAL BANK SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
The Maximum Price is predicted to reach Rs 73.67 by December 2025, with a Minimum Price of Rs 56.67. This indicates a potential growth percentage of around 50% for the year, which is a significant increase compared to the previous years. However, it is important to note that the share price prediction is subject to market conditions and external factors that may impact the actual performance. It is recommended that investors conduct their own research and analysis before making any investment decisions.
CENTRAL BANK SHARE PRICE TARGET 2026 TO 2030
|CENTRAL BANK SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
The Maximum Price for 2026 is predicted to reach Rs 51.57, with a Minimum Price of Rs 36.10. This indicates a potential growth percentage of around 42% for the year, which is lower compared to the previous years. The share price prediction for 2027 suggests a further decrease, with a Maximum Price of Rs 43.83 and a Minimum Price of Rs 30.68. However, the share price prediction for 2028 shows a significant increase, with a Maximum Price of Rs 78.90 and a Minimum Price of Rs 55.23, indicating a potential growth percentage of around 115% for the year. The share price prediction for 2029 and 2030 shows a continued upward trend, with the Maximum Price predicted to reach Rs 162.08 and Rs 180.49 respectively, and the Minimum Price predicted to be Rs 113.45 and Rs 126.35.
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FINANCIAL STRENGTH OF CENTRAL BANK OF INDIA (2018 TO 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Income Growth (%)||-0.47||-4.78||8.48||-6.04||-3.12|
|Provisions & Contingencies||4,168.38||5,528.75||5,481.74||8,777.85||7,850.00|
|Provisions & Contingencies Growth (%)||-24.61||0.86||-37.55||11.82||41.63|
|Profit after Tax (PAT)||1,075.79||-1,000.11||-1,255.72||-5,616.93||-5,139.60|
|PAT Growth (%)||–||–||–||–||–|
|Net Interest Margin (%)||2.46||2.23||2.14||2.05||2.00|
|Net Profit Margin (%)||4.69||-4.38||-5.30||-24.69||-21.27|
|Basic EPS (₹)||1.31||-1.73||-2.02||-20.10||-19.63|
CENTRAL BANK OF INDIA has experienced fluctuations in its financial performance in the past five years. The total income for FY 2022 was slightly lower than the previous year, but the revenue growth percentage has shown positive trends. On the other hand, the provisions and contingencies amount have reduced significantly, indicating a positive impact on the company’s profit and loss statement. The net interest margin has also improved over the years. However, the company’s net profit margin has been negative in some years, indicating a loss. The PAT growth percentage is not available for analysis, but the company has shown a profit in FY 2022. The basic EPS has been negative in previous years but has turned positive in the latest fiscal year. Overall, CENTRAL BANK OF INDIA’s financial performance has been volatile in recent years, with fluctuations in revenue growth and profit growth, but the company has shown some improvement in reducing its provisions and contingencies.
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What is the maximum share price target of the Central Bank in 2026?
The maximum share price target of the Central Bank in 2026 is Rs. 51.57
What is the maximum share price target of the Central Bank in 2027?
The maximum share price target of the Central Bank in 2027 is Rs. 43.83
What is the maximum share price target of the Central Bank in 2028?
The maximum share price target of the Central Bank in 2028 is Rs. 78.90
What is the maximum share price target of the Central Bank in 2029?
The maximum share price target of the Central Bank in 2029 is Rs. 162.08
What is the maximum share price target of the Central Bank in 2030?
The maximum share price target of the Central Bank in 2030 is Rs. 180.49
CONCLUSION: CENTRAL BANK OF INDIA SHARE PRICE TARGET
Based on the financial statement of CENTRAL BANK OF INDIA for the last five years, the company has experienced a decline in total income and PAT growth in the most recent year, with a negative PAT reported in the previous year. However, the provisions and contingencies have decreased, indicating better risk management by the company. Net interest margin and basic EPS have shown improvement over the years. It is difficult to conclude whether the CENTRAL BANK OF INDIA shares are good to buy based solely on this information, as other factors such as market conditions, competition, and economic outlook also play a role. It is recommended that potential investors conduct a thorough analysis of the company’s financials and market conditions before making an investment decision.
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