IDBI Bank Share Price Target: IDBI Bank is a full-service universal bank in India with a wide array of wholesale and retail products. It serves customers from all segments, including individuals, businesses, and institutions. The bank has a rich legacy, having evolved from the Industrial Development Bank of India (IDBI), a development financial institution established in 1964.
The bank established as a development financial institution in 1964, IDBI was transformed into a bank in 2004. As of September 2021, the Union government held 45.48% shares in IDBI Bank, while LIC held 49.24%.
The IDBI Bank offers a comprehensive range of banking services including savings accounts, current accounts, loans (personal, home, car, etc.), credit cards, investment products, and insurance.
IDBI Bank Stock Price Target 2024 and 2025, NSE: IDBI Prediction:
IDBI Bank in the news recently:
- The Indian government and LIC are planning to expedite the sale of their stake in IDBI Bank after the recent election results. This has led to increased interest in the bank’s valuation and potential buyers. The finance ministry has raised concerns over delays in the vetting process of potential bidders by the Reserve Bank of India.
- IDBI Bank reported a 44% year-on-year increase in its net profit for Q4 2024, reaching ₹1,628 crore. Its net interest income also grew by 12%, and its gross and net NPA ratios improved significantly. This positive performance has contributed to a boost in the bank’s market valuation.
- The bank received a GST demand order of Rs.2.97 crore from the Dehradun state tax department for alleged excess availment of input tax credit. IDBI Bank is assessing its legal options, including filing an appeal.
Overall: IDBI Bank has been making headlines due to its upcoming stake sale, strong financial performance, and ongoing tax issues. The bank’s future direction and ownership structure will be closely watched by investors and the financial industry.
IDBI Bank Share Performance
- IDBI Bank share price performance has shown a significant upward trend in recent times, driven by multiple factors including:
- Strong Q4 2024 Results: The IDBI Bank reported a 44% YoY increase in net profit for Q4 2024, reaching ₹1,628 crore. Net interest income also grew by 12%, and asset quality improved with lower NPAs.
- Increased Valuation: The positive financial results and the upcoming stake sale have contributed to a boost in the bank’s market valuation.
- Market Sentiment: The overall positive sentiment towards the Indian banking sector has also played a role in IDBI Bank’s share price performance.
Key Metrics (as of June 19, 2024):
- Share Price: ₹86.75 (NSE)
- 52-Week High/Low: ₹98.70 / ₹53.14
- PE Ratio: 16.08
- EPS (TTM): ₹5.38
- Dividend Yield: 1.73%
- Market Cap: ₹92,879.25 Cr
Factors Influencing Future Performance:
- Stake Sale: The divestment of the government and LIC’s stake in IDBI Bank is a key event that could significantly impact the share price. The outcome of the sale and the identity of the new investors will be crucial.
- Asset Quality: While there have been improvements, the bank still needs to further address its asset quality concerns to sustain its upward trajectory.
- Economic Conditions: The overall economic conditions in India and global factors will also influence the bank’s performance and share price.
IDBI Bank Limited Financials:-
Company Valuation
| Market Cap (₹ Cr.) | 93,072.80 |
| P/E ratio | 16.00 |
| Dividend Yield | 1.73 % |
| ROCE | 2.78% |
| ROE | 7.98% |
| Book Value (₹) | 39.87 |
| Face Value (₹) | 10.00 |
| Price / Book Ratio | 2.17 |
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IDBI Bank Shareholding Pattern:
| For | Mar-2024 | Dec-2023 |
| Promoters | 94.71 | 94.71 |
| Foreign Investors | 0.45 | 0.32 |
| Domestic Investors | 0.16 | 0.16 |
| Public Investors | 4.66 | 4.80 |
| Government | 0.01 | 0.01 |
Technical Indicators
| Indicator | Value |
| RSI(14) | 51.41 |
| ATR(14) 3.55 | Less |
| STOCH(9,6) | 61.54 |
| STOCH RSI(14) | 57.58 |
| MACD(12,26) | 0.21 |
| ADX(14) | 13.52 |
| UO(9) | 43.71 |
| ROC(12) | 0.73 |
| WillR(14) | -40.69 |
IDBI Bank Share Price Target 2024, 2025, 2026, 2027, 2028, 2029 and 2030 Predictions:
IDBI bank share price target 2024:-
| Months 2024 | Target Price ₹ |
| June | 87.25 |
| July | 90.34 |
| August | 91.80 |
| September | 94.30 |
| October | 95.55 |
| November | 100.38 |
| December | 103.29 |
Summary of IDBI Bank Share Price Target for 2024
The IDBI Bank Share initial price target for 2024 is projected to be ₹89.00. With positive market conditions, the 2nd Qtr price target for IDBI Bank Ltd may reach ₹94.30. The price target for IDBI Bank Ltd till end of 2024 is expected to reach ₹103.29, predicting bullish market trends.
IDBI bank share price target 2025:-
| Months 2025 | Target Price ₹ |
| January | 104.69 |
| February | 108.24 |
| March | 107.35 |
| April | 103.45 |
| May | 108.00 |
| June | 108.35 |
| July | 111.23 |
| August | 114.44 |
| September | 116.32 |
| October | 119.25 |
| November | 118.05 |
| December | 121.98 |
Summary of IDBI Bank Share Price Target 2025
The IDBI Bank Share initial price target for 2025 is projected to be ₹104.69. With positive market conditions, the 2nd Qtr price target for IDBI Bank Ltd may reach ₹119.25. The price target for IDBI Bank Ltd till end of 2024 is expected to reach ₹121.98, predicting bullish market trends.
IDBI bank share price target 2026, 2027, 2028, 2029 and 2030:-
| Year | Target Price ₹ |
| 2026 | 144.25 |
| 2027 | 167.89 |
| 2028 | 210.45 |
| 2029 | 278.85 |
| 2030 | 351.21 |
The Proposed IDBI Bank Share initial price target for 2026 is ₹144.25, for 2027 is ₹167.89, for 2028 is ₹210.45 , for 2029 is ₹278.85 and for 2030 is ₹351.21.
Note: The predictions about IDBI Bank share price or value are only for education and information purpose. Please consult authorized entity before making and investment decisions. We are not responsible for any losses.
Fundamental of IDBI Share
The fundamentals of IDBI Bank’s share are a mix of strengths and weaknesses, with recent positive developments and future potential tempered by some concerns.
Strengths:
- Improved Financial Performance: IDBI Bank has shown significant improvement in its financial performance in recent quarters. With increasing net profit, net interest income, and a reduction in NPAs.
- Strong CASA Ratio: The bank has a high CASA (Current Account Savings Account) ratio, which indicates a stable deposit base and lower cost of funds.
- Government Stake Sale: The upcoming divestment of the government’s stake in IDBI Bank is expected to attract strategic investors and potentially lead to improved management and growth opportunities.
Weaknesses:
- Asset Quality: Despite recent improvements, the bank’s asset quality still needs further improvement. With a relatively high level of gross non-performing assets (NPAs) compared to industry peers.
- Capital Adequacy: IDBI Bank’s capital adequacy ratio, while meeting regulatory requirements, is lower than some other banks. Which could limit its growth potential.
- Competition: The bank faces intense competition from other public and private sector banks in India.
Conclusion:
The fundamentals of IDBI Bank’s share suggest a potential for future growth and improvement. That driven by its recent financial performance, strong CASA ratio, and the upcoming stake sale. However, investors should be aware of the risks associated with the bank’s asset quality, capital adequacy, and competitive landscape.
Disclaimer: Investing in stocks involves inherent risk. Do your own research before making any investment decisions. The materials provided here are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. Nothing contained here shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Its look impressive, 2024 target can be achieve.