If you are looking for “ Indian Bank share price targets” for upcoming years, you are in the right place. Before we dive into Indian Bank stock price targets, Let’s understand the Indian Bank company background, technical fundamentals etc.
- 1 About Indian Bank
- 2 Fundamentals of Indian Bank
- 3 Indian Bank Share Price Target Details
About Indian Bank
Indian Bank is a state-owned financial services company headquartered in Chennai, India. It was established in 1907 as a part of the Swadeshi movement and was nationalized in 1969. The bank has a network of over 6,000 branches across India and has a strong presence in the southern states of Tamil Nadu, Andhra Pradesh, and Karnataka. Indian Bank offers a wide range of banking and financial products and services, including personal banking, corporate banking, international banking, and treasury operations. The bank has received several awards and recognitions for its performance and contribution to the Indian banking industry.
Fundamentals of Indian Bank
Let’s look at the fundamentals of Indian Bank, based on which we can get a clear understanding of the expertise in the Bank – Public sector.
- Current Market Cap: The current market cap of Indian Bank as of 3/11/2023, is ₹ 36,148.93
- P/E Ratio: The current price-to-earning ratio of Indian Bank is 7.5
- Sales Growth: Sales growth in last 1 year for Indian Bank is -0.63 %
- Profit Growth: Profit growth is around 32.44 % in last 1 year
We have done a complete analysis of Indian Bank and have come up with its share price targets for upcoming years.
Indian Bank’s Current Share Price is ₹290
Note: These price targets of “Indian Bank” are only for reference purposes. This prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition are not covered in this analysis.
|Year||Indian Bank Share Price Targets (₹)|
After analysing the chart deeply by taking the monthly time frame analysis on the trading view chart of Paytm we found
The target share price of Indian Bank for the year 2023 will be ₹315
The target share price of Indian Bank for the year 2024 will be ₹340
The target share price of Indian Bank for the year 2025 will be ₹365
The target price of Indian Bank for the year 2026 will be ₹390
The target share price of Indian Bank for the years 2027, 2028, 2029, and 2030 will be ₹415, ₹440, ₹465, and ₹490 respectively.