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.
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 December 2022, Indian Bank’s share price was at Rs. 285 with a market cap of Rs. 35,539.
Indian Bank in recent news
- Indian Bank releases its closure of the trading window.
- Banks were told to have nodal officers to assist trade settlement in rupee.
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
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Looking at the market trends and the performance of the bank along with the future of the Indian Economy, we can predict that the share price of the Indian Bank will reach Rs. 456.98 by the end of 2023. Indian Bank’s share price target for March 2023 is ₹305.46. In the rest 10 months, INDIANBK share price could grow by more than 50%.
Indian Bank Share Price Target 2024 is Rs.639.79
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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
|Indian Bank Share
Price Target 2025
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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
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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.
Hence, the share price will reach Rs. 776 in 2025 and fall drastically to Rs. 380 in 2026 and then further down to Rs. 323. But in 2028 price will reach Rs.831.17 in 2028 and Rs. 1,707.36 in 2029 and further it will close the year 2030 at Rs. 1,901.38.
Indian Bank Financial Condition: Last 5 year
|Profit before tax||1,445.49||358.67||1,377.45||3,114.82||4,734.48|
|Price to earning||10.99||35.39||3.05||4.16||4.63|
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.
The price to earning ratio has been fluctuating, but in March 2022, it was 4.63, which is lower compared to the ratio in March 2018 which was 10.99. This could be an indication that the Indian bank share may be undervalued, making it potentially attractive to investors.
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.
What is the market capitalisation of the Indian Bank?
On the day of writing, the market cap of the Indian Bank is Rs. 35,539 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.
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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.