Indian Oerseas Bank Share Price Target


 

Indian Overseas Bank Share Price target is a state-owned bank based in Chennai. It has a total of 3,220 domestic branches, 2 digital banking units, 4 foreign branches, and a Delegation Office. It was founded in 1937 by Mr. MCCM CHIDAMBARCHYAIRE with the aim of specialising in Foreign Exchange Business and Overseas Banking. It also provides Agricultural Short Term Loans, Agri Business Consulting Services, and Foreign Exchange Collection Services. It offers Personal Banking, NRI Banking, and Corporate Banking services. It also manages government businesses such as Payment of Direct Tax, Indirect Tax, Pension Scheme, Sales Tax Collection, Provident Fund Scheme, etc.

The Bank's Latest News

On February 2, it became the 5th State-owned bank to cross the Rs 1lakh crore market price on a daily basis. On the same day, Indian Overseas Bank Share Price target 2025 the market value increased by Rs.10,000 crore, i.e. 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 pattern

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 Share Price is moving into the banking business. The bank's different departments include Treasury, Corporate / Wholesale banking, Retail banking and Other banking operations. The bank's operations consist of domestic deposits, domestic advances, foreign interchange operations, investments, micro, small & medium endeavor (MUDRA loan scheme), retail banking (Arogya mahila savings bank accounts), Mid Corporate department, agricultural credit documents, loans to small & peripheral farmers, loans to non corporate farmers, microfinance and more. The bank offers individual banking services such as 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 provides Internet and Mobile banking services.

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