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.
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.
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.
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.
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 |
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 |
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 |
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.
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% |
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.
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.
The Central Bank of India’s share price target suggests it could reach ₹232.06 by the year 2030.
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?
Disclaimer: I have zeroed down my holdings in the Central Bank of India as prices surged.
What did we learn?
- 1 Central Bank of India Q3 FY24 Results Summary
- 2 Central Bank of India Share Price Target 2024
- 3 CBI Share Price Target 2025
- 4 CBI Share Price Forecast 2026
- 5 CBI Share Price Forecast 2027
- 6 CBI Share Price Target 2028
- 7 CBI Share Price Target 2029
- 8 Central Bank of India Share Price Target 2030
- 9
- 10 When and how should you invest in the CBI share price?
- 11 Financial Condition of Central Bank of India 2019 t0 2023
- 12 FAQs
- 13 Should you buy Central Bank of India stock in 2024?