India’s banking sector, a bustling landscape of public and private institutions, offers a dynamic environment for share price fluctuations. Understanding these movements requires considering a kaleidoscope of factors.
- Current Share Price of Indian Bank Share Price
- Market Performance of Indian Bank Share Price
- Key Statistics of Indian Bank Share Price
- Market Capitalization
- Price Trends
- Earnings And Financials of Indian Bank Share Price
- Is Indian Bank good to buy?
- What is the target price of Indian Bank Share in 2024?
- Is Indian Bank is Safe?
- What is the Dividend of Indian Bank Share 2023?
- What is the price of Indian Bank share?
- Frequently Asked Questions
Current Share Price of Indian Bank Share Price
Indian Bank Share Price Returns
| 1 Day | 1.32% |
| 1 Week | -0.41% |
| 1 Month | -1.13% |
| 3 Months | 1.25% |
| 1 Year | 51.39% |
| 3 Years | 371.5% |
| 5 Years | 70.58% |
Market Performance of Indian Bank Share Price
| Timeframe | Change | Trend | Possible Influencing Factors |
|---|---|---|---|
| Year-to-Date (YTD) | +13.17% | Positive | – Positive domestic economic outlook<br>- Strong consumer spending<br>- Improved bank performance |
| Past Month | -4.46% | Corrective | – Broader market correction<br>- Sectoral headwinds<br>- News-driven sentiment shift |
| Past Week | -0.70% | Consolidation | – Market stabilizing after decline<br>- Investors reassessing bank’s prospects |
Key Statistics of Indian Bank Share Price
| Metric | Value | Description |
|---|---|---|
| Market Price | ₹71.05 | Current trading price per share |
| Year-to-Date Change | +13.17% | Percentage change in price since January 1st |
| Month-to-Date Change | -4.46% | Percentage change in price since the beginning of the current month |
| Week-to-Date Change | -0.70% | Percentage change in price since the previous Friday |
| 52-Week High | ₹80.65 | Highest price reached in the past year |
| 52-Week Low | ₹55.00 | Lowest price reached in the past year |
| Market Capitalization | ₹38,265.21 Crore | Total value of all outstanding shares |
| Trading Volume | 14,054,576 shares | Number of shares traded on the day |
| P/E Ratio | 12.23 | Price-to-Earnings ratio, indicating relative valuation |
| Book Value per Share | ₹66.26 | Value of assets per outstanding share |
| Beta | 1.05 | Sensitivity of the stock price to market movements |
Market Capitalization
The market capitalization of Indian Bank (INBK) as of Friday, December 29, 2023, 5:32 PM IST, is ₹38,265.21 Crore.
Market capitalization represents the total value of a company’s outstanding shares, calculated by multiplying the current share price by the number of outstanding shares. In Indian Bank’s case, this translates to a significant presence in the Indian banking sector.
Price Trends
Zooming Out: Year-to-Date (YTD):
- Positive Momentum: Despite a volatile market, Indian Bank has witnessed a commendable 13.17% growth in its share price since the beginning of the year. This indicates increasing investor confidence in the bank’s prospects, fueled by possibly positive domestic economic trends and strong consumer spending.
Focusing In: Recent Fluctuations:
- Month-on-Month Dip: The past month, however, saw a corrective phase with a 4.46% decline in the share price. This could be attributed to broader market fluctuations, sectoral headwinds like policy changes, or bank-specific news, but is not necessarily indicative of a long-term downward trend.
Short-Term Snapshot: Week-to-Week:
- Consolidation Pattern: The past week witnessed a minimal 0.70% dip, suggesting a period of consolidation after the previous month’s correction. Investors might be reassessing the bank’s prospects and market conditions before making further moves.
Earnings And Financials of Indian Bank Share Price
- Income Statement: The income statement shows the bank’s revenues, expenses, and net income over a specific period, typically quarterly or annually. Key metrics to assess include:
- Net Interest Income (NII): Revenue generated from core banking operations.
- Net Profit: The bank’s bottom-line earnings after deducting all expenses.
- Operating Expenses: Costs incurred in running the bank, including salaries, rent, and administrative expenses.
- Provisions for Non-Performing Assets (NPAs): Reserves set aside to cover potential losses from bad loans.
- Balance Sheet: The balance sheet provides a snapshot of the bank’s financial position at a specific point in time. Key metrics to evaluate include:
- Total Assets: The bank’s total resources, including loans, investments, and cash.
- Total Liabilities: The bank’s obligations, including deposits, borrowings, and other liabilities.
- Capital Adequacy Ratio (CAR): A measure of the bank’s capital strength and ability to absorb losses.
- Asset Quality: Assess the quality of Indian Bank’s loan portfolio by analyzing:
- Non-Performing Assets (NPAs): Loans that are overdue for repayment or have defaulted.
- Gross NPA Ratio: The ratio of gross NPAs to total assets, indicating the level of bad loans.
- Net NPA Ratio: The ratio of net NPAs to total assets, adjusted for provisions and write-offs.
- Liquidity and Capitalization: Evaluate Indian Bank’s liquidity position and capital adequacy to ensure it can meet its short-term obligations and regulatory requirements.
- Liquidity Coverage Ratio (LCR): A measure of the bank’s ability to meet short-term liquidity needs.
- Capital to Risk-Weighted Assets Ratio (CRAR): A regulatory measure of capital adequacy.
- Profitability Ratios: Assess Indian Bank’s profitability using metrics such as:
- Return on Assets (ROA): The bank’s ability to generate profits from its assets.
- Return on Equity (ROE): The bank’s ability to generate profits from shareholders’ equity.
- Cash Flow Analysis: Review Indian Bank’s cash flow statement to understand its sources and uses of cash over a specific period.
Is Indian Bank Good to buy?
- Financial Performance: Evaluate Indian Bank’s financial health, including its revenue growth, profitability, asset quality, and capital adequacy ratios. Review its financial statements and assess its ability to generate profits and manage risks.
- Industry Outlook: Consider the outlook for the banking sector in India, including factors such as interest rates, economic growth, regulatory environment, competition, and technological advancements. Assess how Indian Bank is positioned within the industry and its ability to navigate industry trends and challenges.
- Market Sentiment: Evaluate investor sentiment towards Indian Bank and the banking sector as a whole. Positive market sentiment may lead to higher demand for Indian Bank shares, while negative sentiment could impact its stock price.
- Regulatory Environment: Consider the regulatory environment in which Indian Bank operates. Changes in banking regulations and compliance requirements can affect the bank’s operations and profitability.
- Risks: Assess the risks associated with investing in Indian Bank, including credit risk, operational risk, regulatory risk, and market risk. Consider how these risks may affect the bank’s performance and stock price.
- Valuation: Evaluate whether Indian Bank shares are undervalued, fairly valued, or overvalued based on valuation metrics such as price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, and dividend yield compared to industry peers.
- Long-Term Prospects: Consider Indian Bank’s long-term growth prospects, strategic initiatives, expansion plans, digital transformation efforts, and potential for market share growth. Evaluate whether the bank is well-positioned to capitalize on growth opportunities and overcome challenges in the future.
What is the Target Price of Indian Bank Share in 2024?
| Year | Initial Target | Year-End Target |
|---|---|---|
| 2024 | ₹468.31 | ₹522.61 |
| 2025 | ₹556.36 | ₹552.42 |
| 2026 | ₹599.93 | ₹596.09 |
| 2027 | ₹645.73 | ₹642.09 |
Is Indian Bank is Safe?
- Financial Stability: Review Indian Bank’s financial statements, including its balance sheet, income statement, and cash flow statement, to assess its financial health. Look for indicators of financial stability such as strong capital adequacy ratios, healthy liquidity levels, and consistent profitability.
- Asset Quality: Evaluate the quality of Indian Bank’s loan portfolio and asset base. Assess the bank’s non-performing assets (NPAs), loan loss provisions, and asset quality ratios to gauge the level of credit risk in its lending activities.
- Risk Management Practices: Assess Indian Bank’s risk management framework, including its policies and procedures for identifying, assessing, and mitigating various risks such as credit risk, operational risk, market risk, and compliance risk.
- Regulatory Oversight: Consider the regulatory environment and oversight of the banking sector in India. Indian Bank is regulated by the Reserve Bank of India (RBI), which sets guidelines and standards for banks to ensure financial stability and consumer protection.
- Corporate Governance: Evaluate Indian Bank’s corporate governance practices, including the composition and independence of its board of directors, transparency in financial reporting, and adherence to regulatory guidelines. Strong corporate governance practices can enhance investor confidence and mitigate risks.
- Government Support: Indian Bank is a public sector bank in India, and the Government of India holds a majority stake in the bank. Government ownership may provide a level of implicit support, but it’s essential to consider how government policies and interventions may impact the bank’s operations and financial performance.
- Market Perception: Consider the market perception and investor sentiment towards Indian Bank, as reflected in its stock price, credit ratings, and analyst recommendations. Positive market sentiment may indicate confidence in the bank’s safety and stability.
What is the Dividend of Indian Bank Share in 2023?
- Dividend for the financial year 2022-23: This dividend was declared on March 9, 2023 and paid on May 8, 2023. The amount per share was ₹8.60, translating to a dividend yield of 3.03%.
- Interim dividend for the financial year 2023-24: This dividend was declared on October 27, 2023 and paid on November 18, 2023. The amount per share was ₹6.50, and the record date for eligibility was October 25, 2023.
Therefore, the total dividend received by an Indian Bank shareholder in 2023 would depend on when they purchased the shares:
- If you purchased the shares before March 9, 2023: You would have received both dividends, totaling ₹15.10 per share.
- If you purchased the shares after March 9, 2023 but before October 25, 2023: You would have only received the interim dividend of ₹6.50 per share.
- If you purchased the shares after October 25, 2023: You would not have received any dividends in 2023.
