Since 1937, India has been home to the public sector bank known as IOB, or Indian Overseas Bank. IOB has a significant presence in rural and semi-urban areas, with a focus on offering financial services to these communities. IOB’s stock price is susceptible to changes based on a range of variables, including market trends, economic indicators, and business performance, just like the stock price of any publicly traded firm.
This article will review the share price of IOB as it stands right now, look at the variables that affect price changes, and analyse prospective share price targets for IOB in the near future. You will have a better grasp of the factors influencing IOB’s share price and know what to expect after reading this article.
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Contents
IOB IN RECENT NEWS
- Indian Overseas Bank permits customers to utilize any name as their account number.
- Indian Overseas Bank witnesses an 18% increase in its Q4 profit, reaching ₹650 crore.
- Indian Overseas Bank welcomes Sanjay Mudaliar as its new executive director.
- Indian Overseas Bank (IOB) has recently implemented an upward adjustment in the interest rates offered on fixed deposits below ₹2 crore.
- Indian Overseas Bank (IOB) reports a 20% increase in net profit, reaching Rs 392 crore, for the first quarter.
IOB SHARE PRICE TARGET 2023
| IOB SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| June 2023 | ₹24.38 | ₹20.68 |
| July 2023 | ₹26.45 | ₹22.81 |
| August 2023 | ₹27.90 | ₹23.69 |
| September 2023 | ₹28.24 | ₹21.73 |
| October 2023 | ₹26.90 | ₹20.69 |
| November 2023 | ₹29.59 | ₹22.76 |
| December 2023 | ₹33.14 | ₹25.49 |
The table above displays IOB’s predicted share prices for the year 2023. While the prices may vary depending on market trends and economic indicators, this data provides an indication of IOB’s potential performance. It is noteworthy that the maximum share price increases from june to july indicating a bullish uptrend. Although there is a dip in october, the trend picks up again in november and continues to remain bullish throughout the year.
Furthermore, the growth percentage is also notable, with IOB’s share price expected to increase by a significant percentage between june and December. The maximum price for December is predicted to be 74.11% higher than the minimum price for june. Investors looking for a potential investment opportunity may want to consider IOB’s shares, keeping in mind the potential risks and rewards associated with stock market investments.
IOB SHARE PRICE TARGET 2024
| IOB SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹34.88 | ₹28.70 |
| February 2024 | ₹39.19 | ₹32.66 |
| March 2024 | ₹41.26 | ₹33.54 |
| April 2024 | ₹37.51 | ₹28.85 |
| May 2024 | ₹31.26 | ₹24.04 |
| June 2024 | ₹37.51 | ₹28.85 |
| July 2024 | ₹31.88 | ₹24.71 |
| August 2024 | ₹35.07 | ₹27.83 |
| September 2024 | ₹36.82 | ₹28.32 |
| October 2024 | ₹43.32 | ₹33.32 |
| November 2024 | ₹45.49 | ₹34.99 |
| December 2024 | ₹46.40 | ₹35.69 |
The share price shows an overall upward trend, with the maximum price increasing from January to October before slightly decreasing towards the end of the year.
It is notable that the maximum price for October 2024 is predicted to be ₹43.32, which is a substantial increase from the minimum price of ₹33.32 in October 2023. The minimum price for December 2024 is also predicted to be significantly higher than the minimum price for January 2024, indicating potential growth throughout the year.
Investors should note that the share price of IOB may be subject to volatility and external factors that could impact its performance. However, the upward trend in the predicted share prices for 2024 may be indicative of a potential investment opportunity for those willing to take on the associated risks.
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IOB SHARE PRICE TARGET 2025
| IOB SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹47.32 | ₹36.40 |
| February 2025 | ₹49.81 | ₹38.32 |
| March 2025 | ₹52.30 | ₹40.23 |
| April 2025 | ₹46.70 | ₹35.92 |
| May 2025 | ₹42.46 | ₹32.66 |
| June 2025 | ₹46.70 | ₹35.92 |
| July 2025 | ₹44.48 | ₹34.21 |
| August 2025 | ₹46.33 | ₹35.64 |
| September 2025 | ₹48.65 | ₹37.42 |
| October 2025 | ₹51.57 | ₹39.67 |
| November 2025 | ₹55.18 | ₹42.44 |
| December 2025 | ₹56.28 | ₹43.29 |
IOB’s share price is predicted to continue its upward trend in 2025. The maximum price is expected to reach ₹56.28, which would represent a significant increase from the previous year’s maximum price. Similarly, the minimum price target for 2025 is ₹34.21, which is significantly higher than the minimum price target for the previous year. This indicates that even in the worst case scenario, the share price is expected to remain above the previous year’s lowest price target. Overall, the trend seems to be bullish for IOB in 2025, with an expected growth percentage of over 50% from the previous year’s maximum price target.
IOB SHARE PRICE TARGET 2026 TO 2030
| IOB SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹39.40 | ₹27.58 |
| 2027 | ₹33.49 | ₹23.44 |
| 2028 | ₹60.27 | ₹42.19 |
| 2029 | ₹123.81 | ₹86.67 |
| 2030 | ₹137.88 | ₹96.52 |
Based on the historical data, IOB’s share price is expected to continue its upward trend in the coming years. As per the predictions, the share price is expected to reach a maximum of ₹39.40 and a minimum of ₹27.58 in 2026. Similarly, in 2027, the maximum and minimum share price targets are expected to be ₹33.49 and ₹23.44, respectively.
Moving forward to 2028, the share price is expected to show significant growth, with a maximum target of ₹60.27 and a minimum of ₹42.19. In 2029, IOB’s share price is expected to reach a maximum target of ₹123.81 and a minimum target of ₹86.67.
By 2030, the share price is expected to increase further, with a maximum target of ₹137.88 and a minimum target of ₹96.52. These predictions indicate that IOB’s share price is expected to continue its bullish trend in the coming years, with a significant uptrend in the long term.
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FINANCIAL STRENGTH OF IOB (2019-2023)
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Revenue | 17,631 | 17,406 | 16,966 | 16,730 | 19,400 |
| Interest | 12,352 | 12,103 | 11,067 | 10,419 | 11,145 |
| Expenses + | 15,142 | 16,706 | 10,360 | 9,263 | 9,756 |
| Financing Profit | -9,863 | -11,404 | -4,461 | -2,952 | -1,501 |
| Financing Margin % | -56% | -66% | -26% | -18% | -8% |
| Other Income + | 4,206 | 3,360 | 5,559 | 4,903 | 4,109 |
| Depreciation | 304 | 301 | 258 | 172 | 260 |
| Profit before tax | -5,961 | -8,344 | 840 | 1,779 | 2,348 |
| Tax % | 37% | -2% | 1% | 4% | 11% |
| Net Profit + | -3,738 | -8,527 | 831 | 1,710 | 2,099 |
| EPS in Rs | -4.09 | -5.19 | 0.51 | 0.90 | 1.11 |
The financial analysis of Indian Overseas Bank (IOB) reveals several important data points that are crucial for understanding its performance during the analyzed period:
- Revenue: IOB experienced a slight decline in revenue, reaching ₹16,730 crore in March 2022. However, there was a significant recovery, with revenue reaching ₹19,400 crore in March 2023, indicating positive growth.
- Expenses: IOB effectively managed its expenses, as seen in the decrease from ₹15,142 crore in March 2019 to ₹9,756 crore in March 2023, highlighting cost optimization efforts.
- Financing Profit: While facing challenges, IOB displayed a gradual improvement in financing profit, decreasing from ₹9,863 crore in March 2019 to ₹1,501 crore in March 2023, indicating a positive turnaround.
- Net Profit: Despite earlier setbacks, IOB showcased resilience, with net profit recovering from -₹8,527 crore in March 2020 to ₹2,099 crore in March 2023, signifying a significant improvement in profitability.
- Earnings per Share (EPS): IOB’s EPS demonstrated an upward trajectory, increasing from -₹5.19 in March 2020 to ₹1.11 in March 2023, indicating positive shareholder value.
These important data points highlight IOB’s recovery and improvement in revenue, profitability, and cost management. The bank’s ability to effectively optimize expenses and generate positive net profit is a positive indicator for its financial performance. These factors contribute to a promising outlook for IOB’s growth and future success.
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FAQ’s
IOB share price for year 2024 is ₹46.40
IOB share price for year 2025 is ₹56.28
What is IOB?
IOB stands for Indian Overseas Bank.
What is the reason for IOB’s decline in total income and provisions & contingencies?
The decline in IOB’s total income and provisions & contingencies can be attributed to various factors such as a slowdown in the economy, increased competition, and the impact of the COVID-19 pandemic.
Is IOB’s PAT growth sustainable in the long run?
It is difficult to predict the sustainability of IOB’s PAT growth in the long run as it depends on various factors such as the bank’s ability to manage risks, adapt to changing market conditions, and maintain a healthy loan portfolio.
The decision to invest in IOB shares depends on various factors such as an investor’s risk appetite, investment horizon, and financial goals. While IOB’s financial performance has been mixed in the last five years, its recent PAT growth and other stable metrics may indicate some potential for future growth. However, investors should conduct their own research and analysis before making any investment decisions.
SOME POINTS TO CONSIDER WHILE BUYING INDIAN OVERSEAS BANK SHARE PRICES:
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.61% over past five years.
- Tax rate seems low
- Company has a low return on equity of 7.64% over last 3 years.
CONCLUSION: IOB
IOB’s revenue growth and profit growth during the last five years have been erratic, according to the financial information presented. The company’s profit after tax (PAT) increased significantly in FY 2022 despite a fall in total income. IOB has also been able to keep its net interest margin and net profit margin largely unchanged.
Before making any investing decisions, it’s crucial to carry out additional research and analysis to see whether IOB shares are a good buy. Investors should think about things like market movements, the state of the economy, and competitiveness in the banking sector. It’s also crucial to examine the company’s financial reports over an extended period of time in order to determine the general trends in growth and profitability.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.