Since its founding in 1907, Indian Bank, one of the biggest public sector banks in India, has played a significant role in the nation’s financial system. The bank has more than 6,000 branches and more than 100 million clients, giving it a significant presence throughout India. Indian Bank has built a solid reputation in the banking industry over the years by showcasing its endurance and adaptability in the face of economic setbacks and legislative changes.
Investors are becoming more positive about the possibilities for Indian Bank’s share price as the Indian economy is expected to rise significantly over the next several years.
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INDIAN BANK IN RECENT NEWS
- Indian Bank has increased its lending rates for one-year loans by 5 basis points.
- The refusal of re-appointment by the Managing Director of South Indian Bank has raised concerns among investors about potential obstacles in the implementation of the bank’s Vision 2025 program.
INDIAN BANK SHARE PRICE TARGET 2023
|INDIAN BANK SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
It appears that the Indian Bank share price target for 2023 will experience significant fluctuations throughout the year. The maximum share price target for 2023 is ₹ 519.04, which is expected to occur in December 2023, while the minimum share price target is ₹ 204.59, which is expected to occur in May 2023. The share price is expected to gradually increase from March to June 2023, with the maximum share price target of ₹ 319.17 expected in both April and June 2023. The share price is then expected to experience a significant increase in July 2023, with a maximum share price target of ₹ 383.00, followed by a gradual increase until November 2023. Overall, it appears that the Indian Bank share price target for 2023 is likely to be volatile, with potential for both high and low values throughout the year.
INDIAN BANK SHARE PRICE TARGET 2024
|INDIAN BANK SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
In January, the maximum share price target is ₹546.36, while the minimum target is ₹1037.03. In February, the maximum target is ₹613.88 and the minimum is ₹511.57. In March, the maximum target is ₹646.19 and the minimum is ₹525.36. In April, the maximum target is ₹587.45 and the minimum is ₹451.88. In May, the maximum target is ₹489.54 and the minimum is ₹376.57. In June, the maximum target is ₹587.45 and the minimum is ₹451.88. In July, the maximum target is ₹499.33 and the minimum is ₹387.08. In August, the maximum target is ₹549.26 and the minimum is ₹435.92. In September, the maximum target is ₹576.73 and the minimum is ₹443.64. In October, the maximum target is ₹678.50 and the minimum is ₹521.93. In November, the maximum target is ₹712.43 and the minimum is ₹548.02. Finally, in December, the maximum target is ₹726.68 and the minimum is ₹558.98. This data can be useful for investors to assess the potential risks and rewards of investing in Indian Bank shares and make informed investment decisions.
INDIAN BANK SHARE PRICE TARGET 2025
|INDIAN BANK SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
The maximum price target for the year is ₹881.47 in December, while the minimum price target is ₹511.51 in May. The share prices start off at ₹546.36 in January, and show a gradual increase over the months, reaching a high of ₹678.05 in December. In February, the share prices increase to ₹613.88, and then further to ₹646.19 in March. However, there is a dip in April where the share prices decrease to ₹587.45. The prices continue to fluctuate between ₹451.88 and ₹587.45 until September, after which they show a steady increase again, reaching a high of ₹726.68 in December. Overall, the share prices show some volatility throughout the year, but end on a positive note, with a higher maximum price target compared to the previous year.
INDIAN BANK SHARE PRICE TARGET 2026 TO 2030
|INDIAN BANK SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
The maximum and minimum share price target for Indian Bank in 2026 are ₹617.03 and ₹431.92, respectively. In 2027, the maximum and minimum share price targets are ₹524.48 and ₹367.13, respectively. Moving on to 2028, the share price target sees a significant increase with a maximum target of ₹944.06 and a minimum target of ₹660.84. In 2029, the share price target further increases with a maximum target of ₹1,939.24 and a minimum target of ₹1,357.46. Finally, in 2030, the maximum and minimum share price targets for Indian Bank are ₹2,159.60 and ₹1,511.72, respectively. Overall, the data suggests that Indian Bank’s share price is expected to increase gradually over the years, with a significant jump in 2028 and a major surge in 2029.
FINANCIAL STRENGTH OF INDIAN BANK (2018 TO 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Income Growth (%)||1.36||84.61||17.34||7.89||6.96|
|Provisions & Contingencies||8,791.47||8,404.74||5,738.49||4,557.48||3,744.39|
|Provisions & Contingencies Growth (%)||4.60||46.46||25.91||21.71||44.36|
|Profit after Tax (PAT)||4,118.62||3,149.15||861.34||380.13||1,310.54|
|PAT Growth (%)||31.67||297.81||136.21||-74.59||-10.62|
|Net Interest Margin (%)||2.48||2.49||2.45||2.50||2.47|
|Net Profit Margin (%)||10.59||8.05||4.02||1.98||7.65|
|Basic EPS (₹)||33.99||27.88||16.38||7.91||27.29|
Indian Bank’s financial statement of the past five years shows a steady growth in total income, with a YoY growth rate of 1.36% in FY2022. The company’s provisions and contingencies have also grown at a steady pace, with a YoY growth rate of 4.60% in FY2022. Indian Bank has been able to maintain a healthy net interest margin of around 2.5% over the years. The company’s net profit margin has also improved, standing at 10.59% in FY2022 compared to 8.05% in FY2021. Indian Bank has shown impressive growth in PAT, with a YoY growth rate of 31.67% in FY2022, reaching a high of 4,118.62 crore rupees. However, the company’s basic EPS has not grown as much, standing at 33.99 rupees in FY2022 compared to 27.88 rupees in FY2021. Overall, Indian Bank has been able to show consistent growth in revenue, provisions and contingencies, and PAT, which bodes well for the future of the company.
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What is the maximum share price target of Indian Bank in 2026?
The maximum share price target of Indian Bank in 2026 is Rs. 617.03
What is the maximum share price target of Indian Bank in 2027?
The maximum share price target of Indian Bank in 2027 is Rs. 524.48
What is the maximum share price target of Indian Bank in 2028?
The maximum share price target of Indian Bank in 2028 is Rs. 944.06
What is the maximum share price target of Indian Bank in 2029?
The maximum share price target of Indian Bank in 2029 is Rs. 1939.24
What is the maximum share price target of Indian Bank in 2030?
The maximum share price target of Indian Bank in 2030 is Rs. 2159.60
CONCLUSION: INDIAN BANK SHARE PRICE TARGET
According to Indian Bank’s financial filings for the previous five years, the company has experienced continuous growth in terms of earnings, sales, and profits. The bank has maintained a positive PAT growth rate over the years despite confronting difficulties including provisions and contingencies. Investors should be encouraged by the fact that the net interest margin has stayed largely steady. It’s crucial to remember that the corporation has previously had a decline in PAT and that the basic EPS has been erratic. As a result, even if Indian Bank shares might be a good investment opportunity, it is advised that before making any investment decisions, investors carefully examine the financial statements and market trends.