Indian Overseas Bank Share Price target is a state-owned bank based in Chennai. It has approximately 3,220 domestic branches, 2 digital banking units, 4 foreign branches and 1 Delegation Office. It was founded in February 1937 by Mr. MCCM CHIDBAM Chettiyar, with the aim of specialising in Foreign Exchange Business and Overseas Banking. It also provides Agricultural Short Term Loans and Agri Business Consultancy Services, as well as Foreign Exchange Collection Services. It offers Personal Banking, NRI Banking and Corporate Banking services. It also manages government businesses such as Payment of Direct Taxes, Indirect Taxes, Pension Scheme, Sales Tax Collections, Provident Fund Scheme, etc.
The Bank's Latest News
On February 2, the Bank became the 5th PSU bank to gain over Rs 1 lakh crore in the market price. The company's market value on Wednesday increased by Rs. 10,000 crore on an average basis. Looking at the stock's presentation from a larger perspective, Indian Overseas Bank Share Price target 2025 the bank's return in the previous one year was 204.89%, or more than three times.
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 is entering the banking business. The bank's segments include Treasury, Corporate / Wholesale Banking and 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.
FAQ
- What is the highest Indian Overseas Bank Share Price target ?
- 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.
- What will be the share price of Yes Bank in 2024?
- Yes Bank stock price went up today, 14 Feb 2024, by 2.76 %. The stock closed at 27.85 per share. The stock is currently trading at 28.62 per share.
