I am delighted to present a well-researched report on the Indian Overseas Bank (IOB) share price target from 2024 to 2030. While it May not be the most famous, IOB is one of India's oldest public sector banks, recognized for its wide range of services that are offered to the public. Over the past few years, the bank has undergone significant changes, such as restructuring, capital infusion, and digital transformation, all aimed at improving its financial health and performance. My analysis will be based on the IOB's performance, its current financial position, and the current time, growth prospects, and the factors that could influence its future stock price.
Indian Overseas Bank (IOB) is a public sector bank, headquartered in Chennai, India. It operates approximately 3,220 domestic branches, 2 Digital Banking Unit, 4 international branches and a delegate office. It was established in February 1937 by M Ct M Chidambaram Chettiyar.
Table of Contents
IOB share price Target for 2025
Indian Overseas Bank (IOB) share price target for 2025 highlights a steady performance throughout the year. Starting at ₹88.45 in January, the stock shows minor fluctuations, stabilizing around ₹87.73 by December. This consistent trend indicates a balanced outlook, making IOB a potential choice for cautious investors seeking steady returns in the banking sector.
Month |
Target |
January |
₹88.45 |
February |
₹89.87 |
March |
₹88.44 |
April |
₹87.74 |
May |
₹87.74 |
June |
₹87.74 |
July |
₹87.75 |
August |
₹87.73 |
September |
₹87.73 |
October |
₹87.73 |
November |
₹87.73 |
December |
₹87.72 |
IOB share price Target for 2026
Month |
Target |
January |
₹95.77 |
February |
₹95.19 |
March |
₹95.78 |
April |
₹95.07 |
May |
₹95.08 |
June |
₹95.08 |
July |
₹95.08 |
August |
₹95.07 |
September |
₹95.07 |
October |
₹95.06 |
November |
₹95.07 |
December |
₹95.08 |
IOB share price Target Previous Year 2024
Month |
Target |
January |
₹64.06 |
February |
₹65.49 |
March |
₹64.06 |
April |
₹63.36 |
May |
₹66.1 |
June |
₹66.09 |
July |
₹66.11 |
August |
₹82.87 |
September |
₹82.86 |
October |
₹82.87 |
November |
₹82.87 |
December |
₹82.88 |
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% |
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% |
Conclusions
Indian Overseas Bank is actively engaged in the banking sector, providing a wide range of services. Its key segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. The Bank’s activities cover domestic deposits; domestic advances; foreign exchange operations; investments and loans for micro, small, and medium enterprises (MSMEs), such as MUDRA Loan Scheme. Additionally, it provides retail banking, services like Arogya Mahila Savings Bank Accounts, supports Mid Corporate businesses and offering agricultural credit; loans to small and marginal farmers; loans to non-corporate farmers, and microfinance services.
FAQs
Disclaimer:
- The information is based on our understanding of the stock's historical performance.
- Stock market predictions are unpredictable and can change, so expert advice is strongly recommended before investing.
- The values provided are based on predictions and may not be accurate, we recommend verifying the information with other sources.
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