Indian Overseas Bank Share Price Target (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030) | IOB Ltd. Fundamentals, Future Plans, Businesses and more.
Are you looking for Indian Overseas Bank Share Price Target? If yes, then you are at the right place.
Today in this post, we will talk about Indian Overseas Bank (IOB) in detail, so that, you can decide yourself whether to invest in it or not.
Many investors are predicting that this share can give good returns in long term. So, How true it is, we will know in this post. So let’s delve into the post, and let’s analyse the Indian Overseas Bank.
About Indian Overseas Bank
Indian Overseas Bank which is formerly know as IOB, is a public sector bank that was established on February 10, 1937 in India. The company is headquartered in Chennai, Tamil Nadu, India. Well, IOB is one of the oldest and major banks in India, with a significant presence both domestically and internationally.
Like all the banks, this bank also offers range of banking and financial services like, corporate banking, retail banking, treasury operations, and various financial products. The bank has number of branches across the country which helps the customers to access the services easily.
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Indian Overseas Bank Fundamentals
| Market Cap. | ₹50,942 Cr |
| P/E ratio | 23.13 |
| ROE | 8.86% |
| EPS | 1.17 |
| Dividend Yield | NA |
| Book value | 13.42 |
| Debt | ₹ 2,81,687 Cr |
| Debt to Equity | 11.2 |
Indian Overseas Bank Financial Trends
If we talk about the Revenue and Profit of Indian Overseas Bank then –
Its revenue in 2020 has been ₹ 20,766 Cr and profit is ₹ -8,527 Cr. There was a revenue of ₹ 22,461 Cr in 2021 and a profit of ₹ 758 Cr. In the same 2022, there was a profit of ₹ 1,709 Cr with a revenue of ₹ 21,641 Cr. And this year i.e. in 2023 there has been a profit of ₹ 2,104 Cr with a revenue of ₹ 23,523 Cr.
Indian Overseas Bank Share Price Target Table
| Year | Maximum Price | Average Price | Lowest Price |
|---|---|---|---|
| Indian Overseas Bank Share Price Target 2023 | ₹34 | ₹32 | ₹31 |
| Indian Overseas Bank Share Price Target 2024 | ₹38 | ₹35 | ₹34 |
| Indian Overseas Bank Share Price Target 2025 | ₹44 | ₹38 | ₹36 |
| Indian Overseas Bank Share Price Target 2026 | ₹50 | ₹42 | ₹39 |
| Indian Overseas Bank Share Price Target 2027 | ₹57 | ₹46 | ₹42 |
| Indian Overseas Bank Share Price Target 2028 | ₹65 | ₹50 | ₹45 |
| Indian Overseas Bank Share Price Target 2029 | ₹75 | ₹54 | ₹48 |
| Indian Overseas Bank Share Price Target 2030 | ₹85 | ₹59 | ₹51 |
For more details about the share price target of Indian Overseas Bank, you can watch this video –
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Indian Overseas Bank Share Price Target 2023
The share has given a returns of 215% from 2000 to 2023, That is, average returns of 9%. While the share have claimed 76% in last one year and 18% in last 6 months. The experts are concluding from this, that the average Indian Overseas Bank Share Price Target 2023 can be INR 32 and highest price can be INR 34. There may be a slight difference in the share price due to which we will get to see the lowest price of INR 31.
Indian Overseas Bank Share Price Target 2024
By looking at the past returns, we have predicted that what will be the share price of IOB in 2023, but to know the share price in 2024, we will have to understand its fundamentals.
The fundamentals of IOB is quite well, the PE ratio, EPS, ROE and others metrics are good which makes this share a good investment option. Considering this, analysts are expecting that the average Indian Overseas Bank Share Price Target 2024 can be INR 35 with highest and lowest price of INR 38 and INR 34 respectively.
Indian Overseas Bank Share Price Target 2025
By looking its historical data, it is being predicting that the highest Indian Overseas Bank Share Price Target 2025 of INR 44 while average and lowest price can be INR 38 and INR 36. Experts say that this stock can give more returns to investors till 2025 than bank or any FD returns.
Indian Overseas Bank Share Price Target 2030
In long term, this share is may be a good investment option because we can see this stock growing significantly. That’s why, by analysing it’s historical data, it is being concluded that Indian Overseas Bank Share Price Target 2030 can be INR 59 while highest can be INR 85 and lowest price can be INR 51.
Conclusion
So friends, if you are investing in Indian Overseas Bank shares only after seeing the share price target of Indian Overseas Bank, then do not do this. Because there are many reasons behind the rise and fall of the share price.
I hope you enjoy knowing the IOB Share Price Target. If you want any more information or want to ask something regarding this then you can ask by commenting. We will try our best to reply to you and please share this article if possible.
FAQs
What will be the share price of Indian Overseas Bank in 2040?
After doing lots of analysis about this stocks, share price of Indian Overseas Bank in 2040 can be around 150 – 200 rupees.
Is Indian Overseas Bank is debt free company?
No, currently Indian Overseas Bank has huge debt of ₹ 2,81,687 Crore.
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