Central Bank of India Share Price Target 2024, 2025 to 2030: Can CBI reach 100INR?

As of March 14th 2024, Central Bank of India shares are trading at ₹65.7 with a market cap of ₹57,051 Crore. The current PE ratio is 23.4 which is even higher than HDFC Bank

The Central Bank of India (CBI) is the new hot potato of the stock market. Do you know why? To get the answer let’s see the brief history of the CBI. Back in 2017, CBI was put under the PCA framework as a consequence of the breach of regulations set by RBI. Under the PCA framework, a bank can face many restrictions like new branch openings, dividend distributions, or in some cases, banks might need outside investors.

But last year, RBI released the Central Bank of India from the PCA framework. As a result of this release, there has been a spike in the share price targets of the CBI.

On 21st Sept, 2022 it reached Rs. 23.25. Since the news broke out, there have been talks going on about the share price targets of the Central Bank of India for the next 5 to 10 years. 

Click here to learn more about the CBI release from PCA.

We can see the share price of the Central Bank of India increase in 2024 due to the bank’s strong financial performance.

CBI Share Price Target

Central Bank of India Q3 FY24 Results Summary

  • Central Bank of India’s Q3 FY24 net profit surged by 57% to ₹718 crore.
  • Total income grew by 19.68% to ₹9,139 crore.
  • Net interest income (NII) slightly declined to ₹3,152 crore, but the bank demonstrated diversified revenue streams.
  • Gross NPAs reduced to 4.50% and net NPAs to 1.27%, showcasing improved asset quality.
  • Advances witnessed a robust 14.9% growth to ₹2.4 lakh crore, indicating strong lending activity.
  • Shares closed positively, reflecting investor confidence in the bank’s performance.
  • Extension of festival offers till March 31 underscores customer-centric initiatives.
  • Overall, Central Bank of India exhibited resilience and efficient management amid economic challenges.

Central Bank of India Share Price Target 2024

Month Maximum Price (₹) Minimum Price (₹)
March 2024 ₹68.20 ₹59.30
April 2024 ₹66.21 ₹57.58
May 2024 ₹65.24 ₹56.73
June 2024 ₹67.58 ₹58.77
July 2024 ₹66.91 ₹58.18
August 2024 ₹69.58 ₹60.51
September 2024 ₹72.37 ₹62.93
October 2024 ₹70.95 ₹61.69
November 2024 ₹73.79 ₹64.16
December 2024 ₹74.52 ₹64.80

Throughout 2024, Central Bank of India (CBI) is poised to experience fluctuations in the prices of its stocks on a monthly basis. Anticipations suggest that in March, the maximum price is forecasted to reach ₹68.20, while the minimum is projected to settle at ₹59.30. As the year progresses, the trajectory of the stock prices is expected to continue fluctuating, with December seeing a potential peak at ₹74.52 for the maximum price and a minimum settling around ₹64.80.

CBI Share Price Target 2025

Month Maximum Price (₹) Minimum Price (₹)
January 2025 ₹74.60 ₹57.38
February 2025 ₹74.75 ₹57.50
March 2025 ₹76.32 ₹58.71
April 2025 ₹74.82 ₹57.55
May 2025 ₹72.64 ₹55.88
June 2025 ₹75.91 ₹58.39
July 2025 ₹74.42 ₹57.25
August 2025 ₹76.72 ₹59.02
September 2025 ₹77.65 ₹59.73
October 2025 ₹79.66 ₹61.28
November 2025 ₹81.66 ₹62.81
December 2025 ₹85.33 ₹65.64

In 2025, Central Bank of India (CBI) is expected to witness fluctuations in its stock prices each month. Projections suggest that in January, the maximum price is forecasted to reach ₹74.60, while the minimum may settle around ₹57.38. As the year progresses, the trend of fluctuating prices continues, with December potentially seeing a peak at ₹85.33 for the maximum price and a minimum expected to hover around ₹65.64.

CBI share prediction 2022 to 2025 chart

Max and Min price prediction chart of CBI

CBI Share Price Forecast 2026

Month Maximum Price (₹) Minimum Price (₹)
January 2026 ₹87.89 ₹67.61
February 2026 ₹90.14 ₹69.34
March 2026 ₹93.66 ₹72.05
April 2026 ₹91.82 ₹70.63
May 2026 ₹89.15 ₹68.58
June 2026 ₹93.16 ₹71.66
July 2026 ₹91.33 ₹70.26
August 2026 ₹94.16 ₹72.43
September 2026 ₹97.45 ₹74.96
October 2026 ₹99.99 ₹76.91
November 2026 ₹102.49 ₹78.84
December 2026 ₹105.05 ₹80.81

CBI Share Price Forecast 2027

Month Maximum Price (₹) Minimum Price (₹)
January 2027 ₹107.15 ₹82.42
February 2027 ₹109.90 ₹84.54
March 2027 ₹114.18 ₹87.83
April 2027 ₹111.94 ₹86.11
May 2027 ₹108.68 ₹83.60
June 2027 ₹113.57 ₹87.37
July 2027 ₹111.35 ₹85.65
August 2027 ₹114.79 ₹88.30
September 2027 ₹118.81 ₹91.39
October 2027 ₹121.90 ₹93.77
November 2027 ₹124.95 ₹96.11
December 2027 ₹128.07 ₹98.51

CBI Share Price Target 2028

Month Maximum Price (₹) Minimum Price (₹)
January 2028 ₹130.63 ₹100.49
February 2028 ₹133.98 ₹103.06
March 2028 ₹139.21 ₹107.08
April 2028 ₹136.48 ₹104.98
May 2028 ₹132.50 ₹101.92
June 2028 ₹138.46 ₹106.51
July 2028 ₹135.75 ₹104.42
August 2028 ₹139.95 ₹107.65
September 2028 ₹144.85 ₹111.42
October 2028 ₹148.61 ₹114.32
November 2028 ₹152.33 ₹117.17
December 2028 ₹156.13 ₹120.10

CBI Share Price Target 2029

Month Maximum Price (₹) Minimum Price (₹)
January 2029 ₹159.26 ₹122.51
February 2029 ₹163.34 ₹125.65
March 2029 ₹169.71 ₹130.55
April 2029 ₹166.38 ₹127.99
May 2029 ₹161.54 ₹124.26
June 2029 ₹168.81 ₹129.85
July 2029 ₹165.50 ₹127.31
August 2029 ₹170.62 ₹131.24
September 2029 ₹176.59 ₹135.84
October 2029 ₹181.18 ₹139.37
November 2029 ₹185.71 ₹142.85
December 2029 ₹190.35 ₹146.42

Central Bank of India Share Price Target 2030

Month Maximum Price (₹) Minimum Price (₹)
January 2030 ₹194.16 ₹149.35
February 2030 ₹199.14 ₹153.18
March 2030 ₹206.90 ₹159.16
April 2030 ₹202.84 ₹156.03
May 2030 ₹196.94 ₹151.49
June 2030 ₹205.80 ₹158.31
July 2030 ₹201.76 ₹155.20
August 2030 ₹208.00 ₹160.00
September 2030 ₹215.28 ₹165.60
October 2030 ₹220.88 ₹169.91
November 2030 ₹226.40 ₹174.16
December 2030 ₹232.06 ₹178.51

Throughout 2030, Central Bank of India (CBI) is projected to experience varying trajectories in its stock prices, with monthly fluctuations anticipated. It is forecasted that in January, the maximum price could surge to ₹194.16, while the minimum might settle around ₹149.35. Subsequently, as the year unfolds, the stock prices are expected to continue oscillating, with December possibly witnessing a peak at ₹232.06 for the maximum price, accompanied by a minimum hovering around ₹178.51.

When and how should you invest in the CBI share price?

People willing to invest in these stocks are recommended to invest for a longer time. People willing to invest for a shorter period can invest with a share price target of Rs. 43. Time frame is 6 months.

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Whereas people investing for a longer term can expect a price of Rs. ₹101.15 by 2027 end.

However, there is always a risk factor. Please keep that in mind while investing in Central Bank of India shares. People investing should always be careful of their money and investments.

CBI does have a decent share price growth history. But even our forecast may go wrong sometimes.

You can buy CBI shares from the following brokers:

Zerodha Click here
Upstox Click here
Groww Click here
Angelone Click here
ICICIDirect Click here

I personally use PayTM Money to buy and sell shares, because of the lowest brokerage fee. If you want to sign up with PayTm Money, below is the link.

Click here: Yes Bank Share price prediction.

Financial Condition of Central Bank of India 2019 t0 2023

  Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 22,749 23,676 22,830 22,903 25,657 29,649
Interest 15,935 16,005 14,543 13,361 13,905 16,714
Expenses + 14,580 12,135 12,419 10,477 12,778 14,072
Financing Profit -7,766 -4,464 -4,133 -934 -1,026 -1,137
Financing Margin % -34% -19% -18% -4% -4% -4%
Other Income + 2,416 3,622 2,994 2,986 4,164 4,774
Depreciation 278 285 293 297 386 0
Profit before tax -5,628 -1,127 -1,431 1,755 2,752 3,637
Tax % 0% 0% 30% 38% 39%  
Net Profit + -5,611 -1,252 -995 1,083 1,688 2,451
EPS in Rs -14 -2 -2 1 2 3
Dividend Payout % 0% 0% 0% 0% 0%  

The financial performance of the company, as evidenced by the data from March 2019 to the trailing twelve months (TTM), reflects a promising upward trend. Revenue has shown consistent growth, increasing from ₹22,749 crore in March 2019 to ₹29,649 crore in the TTM period, indicating the company’s ability to generate increasing income over time. While interest expenses have fluctuated, overall expenses have trended downward, with values decreasing from ₹14,580 crore in March 2019 to ₹14,072 crore in the TTM period, suggesting potential cost-saving measures or operational efficiencies. The company has witnessed a turnaround in profitability, with positive margins and significant improvements in profit before tax and net profit. For instance, net profit has increased from -₹5,611 crore in March 2019 to ₹2,451 crore in the TTM period. This improvement is complemented by a steady increase in other income sources, with values rising from ₹2,416 crore in March 2019 to ₹4,774 crore in the TTM period, indicating diversification and successful investment activities. Despite challenges such as taxation, the company has managed to improve its earnings per share, transitioning from negative values to positive ₹3 in the TTM period, and maintain a focus on reinvesting profits into the business for future growth. Overall, the financial data paints a positive picture of the company’s performance, reflecting enhanced financial stability, improved profitability, and prudent management practices.

FAQs

What are PCA frameworks?

PCA stands for Prompt Corrective Action. This framework is a set of restrictions set by the RBI against the banks breaching the regulations of banking in India.

What is the CBI share price target by 2025?

The CBI share price target for 2025 says that the maximum could be ₹85.33 in the month of December 2025, and a minimum of ₹55.88 in the month of May 2025.

What is the CBI share price forecast by 2030?

The Central Bank of India’s share price target suggests it could reach ₹232.06 by the year 2030.

Can Central Bank of India shares reach 100INR?

Central Bank of India’s stock price can definitely reach 100 INR before 2030. 

Bank of India vs Canara Bank: Which is more undervalued?

According to the PE ratio, the Bank of India is much cheaper than the Central Bank of India and could give better results in the short and long term.

Should you buy Central Bank of India stock in 2024?

In summary, the current market dynamics surrounding Central Bank of India (CBI) shares depict an encouraging narrative for prospective investors. The gradual emergence from regulatory constraints, coupled with a robust financial performance, underscores the bank’s resilience and potential for growth. As investors weigh their options, the evolving landscape of CBI shares presents an intriguing opportunity for those with a long-term investment horizon. While prudent risk management remains essential, CBI’s trajectory suggests a journey marked by potential rewards for those who choose to embark upon it. Thus, amidst the fluctuations and uncertainties of the market, CBI emerges as a beacon of possibility, inviting investors to partake in its journey towards prosperity and value creation.

Disclaimer: I have zeroed down my holdings in the Central Bank of India as prices surged. 

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Author: Mahak AroraHey, I am a content writer willing to research, learn and write about new topics. I write mostly about finance and tech.

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