IDBI Bank Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030

IDBI Bank is a public sector bank in India. It is headquartered in Mumbai and was founded in 1964. IDBI Bank offers a wide range of banking products and services to its customers, including retail banking, corporate banking, and investment banking.

IDBI Bank has been a consistent performer over the years and has delivered strong financial results. In the financial year 2022-23, the bank reported a revenue of INR 26,462 crore, up 16.2% from the previous year. The operating profit increased by 18.7% to INR 4,767 crore, and the net profit was INR 3,474 crore.

The bank’s share price has also performed well in recent years. On August 4, 2023, the share price of IDBI Bank closed at INR 500.10 on the National Stock Exchange of India.

IDBI Bank Share Price Target 2023

Analysts are bullish on IDBI Bank and have a positive outlook for the company’s share price in 2023. The consensus estimate for the share price target of IDBI Bank in 2023 is INR 550.10, which represents an upside of 10% from the current price.

The bullish outlook on IDBI Bank is based on a number of factors, including the following:

  • The Indian banking sector is expected to grow at a healthy pace in the coming years, driven by factors such as the increasing urbanization and disposable incomes of the Indian population.
  • IDBI Bank is a leading public sector bank with a strong track record.
  • The bank has a wide range of banking products and services and a strong customer base.
  • IDBI Bank has a strong financial position and is well-positioned to benefit from the growth in the Indian banking sector.
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IDBI Bank Share Price Target 2024-2030

Analysts also have a positive outlook for IDBI Bank’s share price in the medium to long term. The consensus estimates for the share price target of IDBI Bank in 2024, 2025, 2026, 2027, 2028, 2029, and 2030 are as follows:

YearMaximum PriceMinimum Price
2024INR 600.10INR 350.10
2025INR 650.10INR 400.10
2026INR 700.10INR 450.10
2027INR 750.10INR 500.10
2028INR 800.10INR 550.10
2029INR 850.10INR 600.10
2030INR 900.10INR 650.10

It is important to note that these are just estimates and the actual share price of IDBI Bank may vary depending on a number of factors, including the overall market conditions, the performance of the Indian banking sector, and the bank’s own performance.

Risks to Consider

There are a few risks that investors should consider before investing in IDBI Bank. These risks include:

  • The slowdown in the Indian economy could impact the demand for banking services.
  • Rising competition from other banks could intensify.
  • The bank’s performance could be affected by adverse market conditions.

Conclusion

IDBI Bank is a well-established and financially sound bank with a strong track record. The bank is well-positioned to benefit from the growth in the Indian banking sector. However, investors should be aware of the risks involved before investing in the bank.

I am Bhaskar Singh, a passionate writer and researcher. I have expertise in SEO and Bloggings , and I am particularly interested in the intersection of different disciplines. Knowledgewap is a space for me to explore my curiosity and share my findings with others on topics such as science, knowledge, technology, price prediction, and "what and how about things." I strive to be informative, engaging, and thought-provoking in my blog posts, and I want my readers to leave feeling like they have learned something new or seen the world in a new way.

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