Indian Bank (INDIANB) Share Price Target: 2023, 2024, 2025 to 2030

Indian Bank is a major public sector bank and one of the largest commercial banks in India, with headquarters in Chennai, India. It was founded in 1907 and is one of the oldest and most trusted banks in India. Indian Bank provides a range of banking products and services to individuals, businesses, and public sector enterprises. It offers a wide range of deposit and loan products, as well as investment and insurance products. It also provides online banking, mobile banking, and other modern banking services.

For the quarter ending in March 2023, the state-owned Indian Bank recorded a 47% increase in standalone net profit to 1,447.3 crores. This compares to a net profit of 984% in the same fiscal period. The difference between interest earned and interest paid, or net interest income (NII), increased by 29.4% to 5,508.3 crores during the quarter under consideration. In the same quarter a year prior, it was 4,255.2 crore. Additionally, the ratio of net non-performing assets (NNPA) has decreased from 1% in December 2022 to 0.09 percent as of March 2023.

Stock History of Indian Bank

Indian Bank was first listed on the Bombay Stock Exchange (BSE) in 1915. Since then, its stock has seen a steady rise, with its highest levels achieved in the late 1990s and early 2000s. In recent years, its stock has been volatile, with prices fluctuating due to market conditions and the performance of the Indian economy. As of May 2023, Indian Bank’s share price was at Rs. 288 with a market cap of Rs.35881 crores.

Indian Bank in recent news

• Indian Bank plans a sevenfold increase in its digital endeavours in FY24. In order to deliver a seamless and consistent customer experience across all channels, including mobile banking, tab banking, kiosks, and internet banking, the public sector lender is also creating its digital banking omni-channel platform.
• This is the second international award for South Indian Bank (SIB), which was honoured with “Outstanding Digital CX – SME Loans” at the sixth Digital CX Awards held in Singapore. The award was given to SIB in commemoration of their ground-breaking GST-based fast business loan digital journey, which has transformed the banking experience. The Digital Banker, a publication located in Singapore, established the annual Digital CX Awards to recognise outstanding digital customer experiences in the world of finance.
• For the Financial Year 2022–2023, the Board of Directors of Indian Bank has recommended a dividend of $8.60 per equity share, representing 86% of the Bank’s paid up equity capital
• ICICI Direct has recently given a price target of Rs 309 with a buy rating for Indian Bank.

How to buy Indian Bank Shares in India?

To buy Indian Bank shares in India, you will need to open a Demat and trading account with a registered broker. Once you have opened your account, you can place an order to buy Indian Bank shares through your trading platform. You will need to enter the relevant details, such as the number of shares, price, and payment mode. Once your order is placed and executed, you will be able to view your shares in your Demat account.

Indian Bank Share Price Prediction 2023-2030

Indian Bank Share Price Target 2023 is Rs. 456.98

We can forecast that the share price of the Indian Bank will reach Rs. 456.98 by the end of 2023 by taking into account market trends, the bank’s performance, and the outlook for the Indian economy. The projected share price for Indian Bank is 305.46 as of March 2023. The share price of INDIANBK might increase by more than 50% in the following 10 months. If the share breaks the barrier within a few weeks, according to indicators like support, resistance, and trend lines, there are many chances that the stock would soar. But once more, only if the stock breaches the established resistance, since it has been fluctuating within the range for some time.

Although recently Mutual funds have reduced their shareholding in the company, we expect to see more growth because of the growth in the earnings per share, which has grown by more than 30% to 44.75 in May 2023, and the good quarterly growth. We can analyze that the price-to-earnings ratio has grown to 6.44 in May 2023 from 4.71 in May 2022, and the price-to-book ratio has also grown from 0.47 in May 2022 to 0.81 in May 2023.  However, the brokers have recently upgraded their price targets  for the  company which is  a good opportunity.

Indian Bank Share Price Target 2024 is Rs.639.79

It is not possible to accurately predict the price of Indian Bank shares in 2024. However, considering the current market trends and the performance of the Indian economy, it is likely that the share price of the Indian Bank will increase in the coming years and could reach Rs. 639.79.

Indian Bank Share Price Target 2025 is Rs. 776.07

According to our prediction and calculation, the Indian Bank’s share price will reach Rs. 776.07 by the end of 2025.

Indian Bank Share Price Prediction 2026-2030

For the next few years the market is expected to be bullish, but just until 2025. As experts say, the market will see a bear run for two consecutive years i.e. 2026 and 2027. But the further years would witness an unseen bull run.

Indian Bank Financial Condition: Last 5 year

The Indian bank has seen a steady growth in sales and operating profit over the last 5 years. The operating profit grew by approximately 8% from March 2018 to March 2022, while sales grew by approximately 22% over the same period.

On the other hand, the interest expenses have also increased over the last 5 years. The interest expenses in March 2022 were 22,129.25, which was about 102% higher than the interest expenses in March 2018.

Net profit has been inconsistent, with a dip in March 2019, but has generally increased from March 2018 to March 2022. The net profit in March 2022 was 4,141.81, which was about 217% higher than the net profit in March 2018.

FAQs

Will the Indian Bank’s share price grow in 2023?

Growth of the share price of any stock depends on many factors such as the performance of the company, internal decisions, market sentiments, macroeconomic decisions taken by the government, etc. When we consider the above factors for Indian Bank, as it is a PSU bank performing quite well. So, we can say that the Indian Bank’s share price is more likely to grow in 2023. As already mentioned, if the stock breaks the preset resistance, whilst other indicators also favouring the same, the stock is likely to grow a lot.

What is the market capitalisation of the Indian Bank?

On the day of writing, the market cap of the Indian Bank is Rs. 35,881 Crore.

Can the Indian Bank share price reach Rs. 1500?

It is uncertain whether Indian Bank’s share price will reach Rs. 1500 in the foreseeable future. Nevertheless, with the Indian economy continuing to expand and the stock market exhibiting positive signs, there is a chance for the stock price of the Indian Bank to reach this level.

Although, as per our prediction it can cross Rs. 1500 by 2029.

What is Indian Bank share price target 2025?

Maximum and minimum Indian bank share price target for 2025 is ₹776.07 and ₹450 respectively.

What is Indian Bank share price target 2030?

Maximum and minimum Indian bank share price target for 2030 is ₹1,330.96 and ₹1,901.38 respectively.

Also read: 

1. Bank of India Share Price Target 2030
2. Bank of Baroda Share Price Target 2025
3. Bank of Maharashtra Share Price Target 2025

Conclusion

In conclusion, it is difficult to predict the exact price of Indian Bank shares in the near future. However, considering the current market trends and the performance of the Indian economy, it is likely that the share price of the Indian Bank will increase over the next few years.

There is also a possibility that the share price of the Indian Bank could reach Rs. 1500 by 2029, depending on the performance of the Indian economy and the stock market.

Author: Aryan Hello, I am Aryan. I am passionate about writing about topics ranging from cryptocurrency and blockchain to modern developing technologies such as ML, AI, IoT, etc. Also, the collaboration of Finance and Technology attracts me.

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