Indian Oerseas Bank Share Price Target 2024

IOB is a state-owned bank based in Chennai, India, with a total of 3,220 domestic branches, 2 digital banking units, 4 foreign branches and 1 delegate office. It was founded in February 1937 by Mr. M Ct M Chettiyar, with the aim of specialising in foreign exchange and overseas banking. The bank also provides agricultural short term loans, agri business consultancy, foreign exchange collection services, personal banking, non-resident lending and corporate banking. Additionally, the bank manages government businesses such as direct tax payments, indirect tax payments, pension payments, sales tax collection, provident fund schemes, etc.

Indian Overseas Bank Share Price target 2025 became the 5th State-owned bank to cross Rs 1 lakh crore in market value. On Wednesday, its market value reached Rs 1,50.93 crore, representing an average daily increase of Rs 10.00 crore. Looking at the bank's presentation from a larger perspective, it has generated 204.89%, or more than three times in the previous one year.

IOB share price Target for 2024

Month                                               Target

January 2024 target for IOB           ₹64.06

February 2024 target for IOB          ₹65.49

March 2024 target for IOB              ₹64.06

April 2024 target for IOB                 ₹63.36

May 2024 target for IOB                 ₹66.1

June 2024 target for IOB                ₹66.09

July 2024 target for IOB                 ₹66.11

August 2024 target for IOB            ₹82.87

September 2024 target for IOB.     ₹82.86

October 2024 target for IOB           ₹82.87

November 2024 target for IOB.      ₹82.87

December 2024 target for IOB.      ₹82.88

IOB share price Target for 2025

Month                                               Target

January 2025 target for IOB         ₹88.45

February 2025 target for IOB       ₹89.87

March 2025 target for IOB            ₹88.44

April 2025 target for IOB               ₹87.74

May 2025 target for IOB               ₹87.74

June 2025 target for IOB              ₹87.74

July 2025 target for IOB               ₹87.75

August 2025 target for IOB          ₹87.73

September 2025 target for IOB.   ₹87.73

October 2025 target for IOB         ₹87.73

November 2025 target for IOB.    ₹87.73

December 2025 target for IOB.    ₹87.72

IOB share price Target for 2026

Month                                               Target

January 2026 target for IOB         ₹95.77

February 2026 target for IOB       ₹97.19

March 2026 target for IOB           ₹95.78

April 2026 target for IOB              ₹95.07

May 2026 target for IOB              ₹95.08

June 2026 target for IOB             ₹95.08

July 2026 target for IOB              ₹95.08

August 2026 target for IOB          ₹95.07

September 2026 target for IOB.   ₹95.07

October 2026 target for IOB         ₹95.06

November 2026 target for IOB.       ₹95.07

December 2026 target for IOB.       ₹95.08

IOB share price Target from 2024 to 2030

Year   Initial Target     Mid-Year           Year-End 

2024     ₹64.06           ₹66.09.              ₹82.88

2025     ₹88.45           ₹87.74              ₹87.72

2026     ₹95.77            ₹95.08             ₹95.08

2027     ₹103.46        ₹102.76             ₹102.77

2028     ₹111.56         ₹110.84             ₹110.83

2029     ₹120.03         ₹119.33             ₹119.34

2030    ₹128.95          ₹128.24             ₹128.27

IOB financials

(INR)                    Sept 2023          Y/Y

Revenue               2.42TCr           15.19%

Net income           627.18Cr        25.39%

Diluted EPS                   -                     -

Net profit margin     25.91%         8.87%

Operating income    635.5Cr       25.87%

Net change in cash       -                     -

Cash on hand               -                     -

Cost of revenue            -                     -

IOB share holding patter

Summary      Dec 2023        Dec 2022

Promoter        96.4%             96.4%

Holding           96.4%             96.4%

Pledged          0.0%               0.0%

Locked           13.53%           53.58%

IOB competitors

● SBI with market capitalisation 675,816.24 cr

● PNB with market capitalisation 143,693.75 cr

● Bank of Baroda with market capitalisation 143,324.30 cr

Conclusions 

Indian Overseas Bank is entering the banking business. The Bank's different departments include Treasury, Corporate/ Wholesale Banking and Retail Banking and Other banking Operations. The Bank's operations include Domestic deposits, Domestic advances, Foreign Interchange Operations, Investments, Micro, Small and Medium Effort (MUDRA) Loan Scheme, Retail Bank Accounts, Mid Corporate Department, Agricultural Credit Documents, Loans to Small and Peripheral Farmers, Loans to Non-Corporate Farmers and Microfinance. The Bank's Individual Banking Services include Saving Bank, Current Account, Term Deposit, Retail Loans, Engagement and Depository Services, Merchant Banking for issues, Bond Trustee, Dividend or Interest Warrant and others. The Bank also offers Internet and Mobile Banking Services.

FAQ

• What is the highest Indian Overseas Bank Share Price target 2024?

• The highest price of Indian Overseas Bank stock is ₹83.75 in the last 52-week.

• What is the Indian Overseas Bank Share Price target 2025?

• The initial price target for Indian Overseas Bank in 2025 is projected to be ₹88.45.