One of India’s biggest commercial banks, IDBI offers a variety of banking and financial services to its clients. The bank has built a solid reputation over the years for its cutting-edge products, customer-focused strategy, and reliable financial management methods. As a result, IDBI Bank has gained popularity among investors intending to make a purchase on the Indian stock market.
In this post, we’ll examine some of the variables that affect the IDBI Bank Share Price in more detail. We will also go through the bank’s recent financial performance, market position, and some of the major trends and developments that are influencing its prospects going forward.
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IDBI BANK IN RECENT NEWS
- After the Holi festival, the evaluation of IDBI Bank bidders will commence.
- Kotak Mahindra Bank is competing for a share in IDBI Bank.
- The divestment of IDBI Bank has attracted potential buyers due to its impressive appearance and lack of undisclosed information.
IDBI BANK SHARE PRICE TARGET 2023
|IDBI BANK SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
IDBI Bank’s share price is predicted to experience a bullish uptrend throughout 2023. Starting from a maximum price of ₹49.10 in February 2023, the share price is expected to gradually rise, reaching its peak at ₹65.87 in December 2023. This represents a potential growth of over 70% from the minimum price of ₹25.97 in May 2023.
Investors looking to capitalize on this potential growth may want to consider buying into IDBI Bank’s shares at a lower price point, such as the minimum price of ₹31.16 in April and June 2023. It’s important to keep in mind that stock market predictions are subject to change and can be affected by a variety of factors, including economic conditions and market trends. As always, investors should conduct thorough research and seek professional advice before making any investment decisions.
IDBI BANK SHARE PRICE TARGET 2024
|IDBI BANK SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
The data shows that the bank’s share price is expected to continue its upward trajectory, with a maximum price target of ₹92.23 and a minimum price target of ₹47.79. The share price is predicted to start the year at ₹69.34 in January 2024 and reach its peak in December 2024 at ₹92.23, representing a potential growth of over 25%.
However, investors should be aware that the share price may experience some fluctuations throughout the year, as evidenced by the minimum price of ₹47.79 in May 2024 and the maximum price of ₹86.11 in October 2024. These fluctuations may be influenced by various factors, such as market conditions, economic trends, and company-specific developments.
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IDBI BANK SHARE PRICE TARGET 2025
|IDBI BANK SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
IDBI Bank share price target for 2025 shows a mixed trend throughout the year. The share price starts off relatively low in January at ₹33.84 and gradually increases, reaching its peak in November at ₹54.83, before slightly dropping in December to ₹53.03.
The maximum share price target for 2025 is ₹54.83, while the minimum share price target is ₹33.84. This suggests a potential price fluctuation of ₹20.99 throughout the year. It is important to note that these projections are subject to change due to various economic and market factors.
Investors who are considering investing in IDBI Bank shares should carefully analyze the company’s financial performance, industry trends, and market conditions before making any investment decisions. It is also recommended to consult with a financial advisor or a professional before making any significant investment decisions.
IDBI BANK SHARE PRICE TARGET 2026 TO 2030
|IDBI BANK SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
IDBI Bank share price target for the years 2026 to 2030 shows a significant upward trend, with some fluctuations in between. In 2026, the share price is expected to fluctuate between ₹78.31 (maximum) and ₹54.82 (minimum). The following year, 2027, the share price is expected to experience a slight drop with a maximum target of ₹66.56 and a minimum target of ₹46.60.
However, the share price is expected to rebound in 2028 with a significant increase, reaching a maximum target of ₹119.82 and a minimum target of ₹83.87. The upward trend is expected to continue in 2029, with a maximum target of ₹246.12 and a minimum target of ₹172.29. Finally, in 2030, the share price is expected to range between a maximum target of ₹274.09 and a minimum target of ₹191.86.
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FINANCIAL STRENGTH OF IDBI BANK (2018 TO 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Income Growth (%)||-6.31||-2.68||-0.59||-15.36||-5.26|
|Provisions & Contingencies||5,092.67||5,771.46||18,044.56||19,229.48||16,178.51|
|Provisions & Contingencies Growth (%)||-11.76||-68.02||-6.16||18.86||65.43|
|Profit after Tax (PAT)||2,533.67||1,513.97||-12,835.24||-14,986.76||-8,132.40|
|PAT Growth (%)||73.80||–||–||–||–|
|Net Interest Margin (%)||3.04||2.86||2.33||1.84||1.61|
|Net Profit Margin (%)||13.83||7.58||-61.54||-67.80||-35.28|
|Basic EPS (₹)||2.36||1.44||-12.36||-30.22||-34.00|
IDBI Bank has seen a mixed growth trend in the last five years. The bank’s total income has been declining gradually over the years, from ₹30,289.61 crore in FY 2018 to ₹23,238.41 crore in FY 2022. This represents a decrease of 23.25% in the bank’s revenue over the last five years.
In terms of profitability, the bank has seen a significant improvement in FY 2022 compared to the previous year. The bank’s profit after tax (PAT) grew by 73.80% to ₹2,533.67 crore in FY 2022, as compared to ₹1,513.97 crore in FY 2021. However, the bank had incurred a loss of ₹12,835.24 crore in FY 2020, which was significantly higher than the loss of ₹14,986.76 crore in FY 2019.
IDBI Bank has also seen fluctuations in its provisions and contingencies over the last five years. While the provisions and contingencies decreased by 68.02% in FY 2021, it increased by 18.86% in FY 2019. The net interest margin (NIM) has been gradually increasing over the years, with a current NIM of 3.04%.
The basic earnings per share (EPS) of the bank have been fluctuating as well, with a minimum of -34.00 in FY 2018 and a maximum of 2.36 in FY 2022. The bank’s net profit margin has also seen a significant improvement, with a growth of 82.20% in FY 2022 compared to the previous year.
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IOB SHARE PRICE TARGET 2023 TO 2030: CAN IOB REACH 100 INR?
The maximum share price target of IDBI in 2027 is Rs.66.55
The maximum share price target of IDBI in 2029 is Rs. 246.12
The maximum share price target of IDBI in 2030 is Rs. 274.09
CONCLUSION: IDBI BANK
According to the financial statement supplied, IDBI Bank’s growth during the previous five years has been uneven. Although the bank’s revenue has been steadily dropping over the years, its profitability has improved recently. The bank had previously suffered huge losses, but it’s PAT increased significantly in FY 2022 compared to the prior year.
Also, the bank has been working to enhance its financial performance, as evidenced by the rising NIM and net profit margin. The bank still has issues with revenue growth, provisions, and contingencies, though.