One of the top public sector banks in India, IDBI Bank provides a variety of financial services to its clients. In recent years, the bank has been growing, as seen by the steadily rising share price. Analysts and investors alike have been keeping a close eye on IDBI Bank’s performance, and there is a lot of conjecture about where its share price may go in the years to come. In order to forecast IDBI Bank’s share price objective for the years 2023 to 2030, we will examine its financial results and market trends in this article. Readers will have a better grasp of IDBI Bank’s potential for growth and what elements are likely to have an impact on it after reading this article.
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IDBI IN RECENT NEWS
- It is anticipated that the financial proposals for IDBI Bank will be received by September.
- IDBI Bank has adjusted its fixed deposit rates and launched a new Amrit Mahotsav FD scheme with a duration of 444 days, which offers an interest rate of up to 7.65%.
IDBI SHARE PRICE TARGET 2023
|IDBI SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
The maximum share price target for IDBI Bank in 2023 is ₹83.09, projected for December, while the minimum share price target is ₹32.75, forecasted for May.
The share price is anticipated to rise from March to June, with a maximum price target of ₹51.10 in both April and June. This growth in price could be due to a number of factors, such as positive financial results or market optimism. However, the share price is expected to dip in May, with a minimum target of ₹32.75, which could be due to various factors such as negative news or unfavorable market conditions.
From July to September, the share price is expected to experience steady growth, with a maximum target of ₹70.82 in September.
IDBI SHARE PRICE TARGET 2024
|IDBI SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
The maximum share price target for IDBI Bank in 2024 is projected to be ₹116.33 in December, while the minimum share price target is expected to be ₹60.28 in May.
The share price is expected to rise in the beginning of 2024, with a maximum price target of ₹98.28 in February. However, the share price is then projected to experience a slight dip in April, with a minimum target of ₹72.34, before dropping even further to ₹60.28 in May. This dip could be due to a variety of factors such as unfavorable market conditions, negative news, or weak financial performance.
From June to August, the share price is expected to undergo a period of growth, with a maximum price target of ₹94.04 in June and a maximum of ₹87.93 in August. This could be due to positive developments within the bank or market optimism. However, the share price is then projected to dip again in September, with a minimum target of ₹71.02.
In the latter part of the year, the share price is expected to undergo significant growth, with a maximum price target of ₹116.33 in December.
IDBI SHARE PRICE TARGET 2025
|IDBI SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
In 2025, IDBI Bank’s share price is expected to continue its upward trajectory, according to market projections. The share price is expected to fluctuate between a maximum of ₹141.11 and a minimum of ₹91.28. In January, the share price is predicted to reach a maximum of ₹118.66 and a minimum of ₹91.28, while in February, it is expected to reach a maximum of ₹124.91 and a minimum of ₹96.08. The share price is anticipated to hit its highest point in November, reaching a maximum of ₹138.35, before closing the year at ₹141.11, its maximum price for the year. On the other hand, the share price is expected to hit its lowest point in May, reaching a minimum of ₹81.89, before rebounding to a maximum of ₹117.10 in June.
IDBI SHARE PRICE TARGET 2026 TO 2030
|IDBI SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
The maximum share price target for IDBI Bank in 2026 is ₹98.78 and the minimum share price target is ₹69.15. In 2027, the maximum and minimum share price targets are ₹83.96 and ₹58.77, respectively. The share price target for 2028 shows a significant increase, with a maximum target of ₹151.13 and a minimum target of ₹105.79. This upward trend continues in 2029, with a maximum share price target of ₹310.45 and a minimum target of ₹217.32. Finally, in 2030, the maximum and minimum share price targets are ₹345.73 and ₹242.01, respectively.
FINANCIAL STRENGTH OF IDBI BANK (2018 TO 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Income Growth (%)||-6.31||-2.68||-0.59||-15.36||-5.26|
|Provisions & Contingencies||5,092.67||5,771.46||18,044.56||19,229.48||16,178.51|
|Provisions & Contingencies Growth (%)||-11.76||-68.02||-6.16||18.86||65.43|
|Profit after Tax (PAT)||2,533.67||1,513.97||-12,835.24||-14,986.76||-8,132.40|
|PAT Growth (%)||73.80||–||–||–||–|
|Net Interest Margin (%)||3.04||2.86||2.33||1.84||1.61|
|Net Profit Margin (%)||13.83||7.58||-61.54||-67.80||-35.28|
|Basic EPS (₹)||2.36||1.44||-12.36||-30.22||-34.00|
IDBI Bank has seen fluctuations in its financial performance over the last five years. In FY 2022, the bank’s total income was ₹23,238.41 crore, a decline of 6.31% compared to the previous year. Similarly, the provisions and contingencies for FY 2022 decreased by 11.76% compared to the previous year. However, the bank’s profit after tax (PAT) for FY 2022 increased significantly by 73.80% compared to the previous year, reaching ₹2,533.67 crore. In FY 2020, IDBI Bank reported a massive loss of ₹12,835.24 crore, which was reduced to ₹1,513.97 crore in FY 2021, and then turned into a profit in FY 2022. The bank’s net interest margin has been steadily increasing, reaching 3.04% in FY 2022. The basic EPS for FY 2022 was ₹2.36, which is an improvement from the previous year. While IDBI Bank has had some challenges in the past, the recent growth in PAT and net interest margin are positive signs for the bank’s future.
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What is the maximum share price target of IDBI Bank in 2026?
The maximum share price target of IDBI Bank in 2026 is Rs. 98.78
What is the maximum share price target of IDBI Bank in 2027?
The maximum share price target of IDBI Bank in 2027 is Rs. 83.96
What is the maximum share price target of IDBI Bank in 2028?
The maximum share price target of IDBI Bank in 2028 is Rs. 151.13
What is the maximum share price target of IDBI Bank in 2029?
The maximum share price target of IDBI Bank in 2029 is Rs. 310.45
What is the maximum share price target of IDBI Bank in 2030?
The maximum share price target of IDBI Bank in 2030 is Rs. 345.73
CONCLUSION: IDBI BANK SHARE PRICE TARGET
According to IDBI Bank’s financial statements for the previous five years, the bank’s total income, revenue growth, and net profit margin have all significantly decreased. The bank has, nevertheless, demonstrated a good trend in PAT growth, demonstrating that it has been able to keep costs under control and boost profitability. Also, the bank has noted improvements in its net interest margin over time, which is good news for the institution. Before making any investment decisions, it would be good to make a thorough study of IDBI Bank’s financial status, including its debt-to-equity ratio, asset quality, and capital sufficiency. This is because the bank’s financial performance has been inconsistent. Investors should use care when purchasing IDBI Bank.