Indian Bank Share Price Target Forecast 2022, 2023, 2025, 2030

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22 December, 2021

Emkay Global recommends buying Indian Bank with a target price of Rs 220.

Indian Bank got a buy call from Emkay Global with a target price of Rs 220. Indian Bank is currently trading at Rs 139.2.

The expert estimates that Indian Bank’s price will achieve its target in one year.

Indian Bank is a financial business that was founded in 1907. (having a market cap of Rs 17392.59 Crore).

Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds, and Interest are the primary products/revenue segments for Indian banks for the year ending 31-Mar-2021.

Financials

The firm reported a Consolidated Total Income of Rs 11513.70 Crore for the quarter ended September 30, 2021, down -.82 percent from the previous quarter’s Total Income of Rs 11608.53 Crore and -2.40 percent from the same quarter last year’s Total Income of Rs 11796.58 Crore. In the most recent quarter, the bank posted a net profit after tax of Rs 1126.11 crore.

Reasons for Investing

The brokerage reduces the bank’s FY23-24E earnings by 5-6 percent after accounting for the impact of rising G-sec rates on treasuries and a slightly higher tax rate from FY23E, but still expects it to generate a respectable RoA/RoE of 0.8 percent /13 percent by FY24E. Following the latest market drop, valuations have remained acceptable. As a result, it maintains a Buy rating with a lowered target price of Rs220 (0.7x Dec’23E ABV), down from Rs235 before. Slow growth/higher NPAs in the SME category due to a new Covid wave, and a delay in economic pick-up are the main concerns.

FII Holdings/Promoter

As of September 30, 2021, promoters owned 79.86% of the firm, FIIs 2.41 percent, and DIIs 10.52 percent.

economictimes.com is the source for this information.


09 December, 2021

IIFL recommends buying Indian Bank with a target price of Rs 159.

Indian Bank got a buy call from IIFL with a target price of Rs 159. The current market price of Indian Bank is Rs 154.25. The analyst’s time frame for when Indian Bank price can achieve specified target is Intra Day.

Indian Bank is a financial business that was founded in 1907. (having a market cap of Rs 19142.43 Crore).

Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds, and Interest are the primary products/revenue segments for Indian banks for the year ending 31-Mar-2021.

Financials

The firm reported a Consolidated Total Income of Rs 11513.70 Crore for the quarter ended September 30, 2021, down -.82 percent from the previous quarter’s Total Income of Rs 11608.53 Crore and -2.40 percent from the same quarter last year’s Total Income of Rs 11796.58 Crore. In the most recent quarter, the bank posted a net profit after tax of Rs 1126.11 crore.

Reasons for Investing

On the daily chart, the stock has provided a rounded bottom breakout.

FII Holdings/Promoter

As of September 30, 2021, promoters owned 79.86% of the firm, FIIs 2.41 percent, and DIIs 10.52 percent.

EconomicsTimes.com is the source for this information.


22 October, 2021

HDFC Securities recommends buying Indian Bank with a target price of Rs 205.

Indian Bank got a buy signal from HDFC Securities with a target price of Rs 205. Indian Bank is currently trading at Rs 181.55.

The expert estimates that Indian Bank’s price will achieve its target in six months.

Indian Bank is a financial business that was founded in 1907. (having a market cap of Rs 21695.58 Crore).

Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds, and Interest are the primary products/revenue segments for Indian banks for the year ending 31-Mar-2021.

Financials

The firm reported a Consolidated Total Income of Rs 11608.53 Crore for the quarter ended June 30, 2021, up 8.24 percent from the previous quarter’s Total Income of Rs 10724.53 Crore and up.45 percent from the same quarter last year’s Total Income of Rs 11556.09 Crore. In the most recent quarter, the bank posted a net profit after tax of Rs 1259.82 crore.

Reasons for Investing

The stock’s primary trend has been positive, with higher peaks and troughs.

FII Holdings/Promoter

As of September 30, 2021, promoters owned 79.86% of the firm, FIIs 2.41 percent, and DIIs 10.52 percent.

EconomicsTimes.com is the source for this information.


28 JULY 2021

ICICI Direct recommends buying Indian Bank with a target price of Rs 180.

In a research report dated July 22, 2021, ICICI Direct advised a buy rating on Indian Bank with a target price of Rs 180.

With a total business of over Rs 9.2 lakh crore, Indian Bank is India’s sixth largest and one of the best performing public sector banks. With a large branch network of 5809 domestic branches, we have a pan-India presence. RAM (Retail/Agri/MSME) accounts for 58 percent of total loan volume.

Outlook

Considering a sweet spot for a post-merger Indian bank – combining strong deposit and lending franchises, Maintain the stock’s BUY rating. We maintain our target price of Rs 180 per share and value Indian Bank at 0.7x FY23E ABV.

moneycontrol.com is the source for this information.


21 JULY 2021

Emkay Global Financial recommends buying Indian Bank with a target price of Rs 225.

In its research report dated July 20, 2021, Emkay Global Financial suggested a buy recommendation on Indian Bank, with a target price of Rs 225.

The merger with Allahabad Bank has benefitted Indian Bank the most (CASA@41 percent) and the integration process is nearly complete. With a solid capital cushion, it is now preparing to accelerate expansion (CET 1 of 11.6 percent post recent QIP). We anticipate a significant increase in RoE to 13% by FY24E, up from 4% post-merger in FY20. With a revised TP of Rs225 (0.7x Jun’23E ABV), we upgrade it to Buy. Better NIMs, increased other revenue, and tax reversal advantages from c/fwd accumulated losses helped the bank outperform the market in Q1 with PAT of Rs11.8 billion (estimated Rs7.7 billion). GNPA reduced to 9.7% due to aggressive w-offs, notwithstanding greater slippages (mostly in SME).

Outlook

We anticipate a significant increase in RoE to 13% by FY24E, up from 4% post-merger in FY20. With a revised TP of Rs225 (0.7x Jun’23E ABV), we upgrade it to Buy.

moneycontrol.com is the source for this information.


AUGUST 6, 2021

Motilal Oswal has a target price of Rs 175 for Indian Bank.

In a research note dated July 19, 2021, Motilal Oswal suggested a buy rating on Indian Bank with a target price of Rs 175 for the company.

Even as company growth remained moderate, INBK reported a solid operational performance underpinned by modest opex and increasing other income. NIM, on the other hand, increased 51 basis points from the previous quarter to 2.85 percent (higher slippages in 4QFY21). Despite the bank having a solid RoA/RoE of 0.8 percent /15 percent in 1QFY22, provisions have remained high. Even though slippages were high (5% annually), asset quality remained relatively consistent. Collection efficiency fell in the first quarter of FY22, but began to improve in July of that year. The restructuring book currently stands at 2.7 percent of loans, while the high SMA book (7.6%) keeps asset quality in control. We anticipate a moderate increase in business growth, which will likely sustain margins. Slippages, on the other hand, are anticipated to stay high, keeping credit costs high. By FY23E, we expect a RoA/RoE ratio of 0.8 percent/14.5 percent. With a Buy rating, we restart our coverage.

Outlook

Lower collection efficiency, combined with a large SMA book (7.6% of loans), would keep slippages high. For FY22E/FY23E, we expect credit costs to remain elevated at 2.1 percent/1.8 percent. For FY22E/FY23E, we forecast loan growth of 9% /12 percent, with a RoA/RoE of 0.8 percent /14.5 percent by FY23E. The bank is now selling at 0.5x FY23E ABV, which is a good price. With a Buy rating and a target price of INR175 per share, we continue coverage (0.6x FY23E ABV).

moneycontrol.com is the source for this information.


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