NIFTY 22203.15 BANK 47646.25

Indian Bank
Share Price Target & Analysis

NSE:INDIANB

530.18

VWAP

518.50

Open

513.25

Close

537.45

High

514.60

Low

573.75

52 Week High

535.75 ⇧
22.50 (4.38%)

INDIANB

(FINANCIAL SERVICES)
87.6% Momentum

Trending & Favourite

268.00

52 Week Low

59.86

EPS

11.84

PE

1.44

PB

Deluxe
Quality

Steel
Valuation

#Analysis

NSE: INDIANB Share Price Financial Analysis & Valuation

Indian Bank (INDIANB) is broadly categorized in FINANCIAL SERVICES segment industry which deals in Banks - Public Sector vertical. It is one of Large Cap company with Market Capitalization of Rs 18191.1 (in Cr). Total number of free float shares are 48 (in Lacs). Indian Bank is listed on NSE with Exchange ID - INE562A01011 and trading code is NSE:INDIANB with short name Indian Bank.

Indian Bank is a government-owned enterprise which is categorized as Public Sector Undertaking (PSU) or a Public Sector Enterprise.

In the past 1 year, Indian Bank has declared an equity dividend of Rs 8.6 per share. At the current share price of INDIANB at Rs 535.75, this results in a dividend yield of 1.61 %.

As per the Fundamental Analysis of NSE:INDIANB, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine INDIANB underlying value and future prospects. All of this data is available in INDIANB financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:INDIANB, it is clearly understood that INDIANB is Deluxe performer in terms of earnings and profit margins with an EPS of 59.86. NSE:INDIANB book value per share as of today is 371.43. The current price to book ratio for INDIANB as of May 15, 2024 is 1.44.

Valuation of the Stock: The current valuation of INDIANB stock is like Steel which means currently the stock is Moderately Priced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of INDIANB whether to BUY this stock at current valuation. The delivery percentage of INDIANB is 40.97% is very crucial parameter which shows that 40.97% investors are anticipating that the price of INDIANB share should go up with VWAP at 530.18.

Now, the main question is whether to BUY or SELL, NSE:INDIANB at current valuation.
As per latest Analysis No. #768:-

⇑ STRONG BUY INDIANB if All Greens

⇗ BUY INDIANB (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD INDIANB (With Stop Loss) if only 1 Green

⇘ SELL INDIANB if NO Green Indicator

NSE: INDIANB Share Price Today (May 15, 2024)

(Indian Bank Daily Analysis on the basis of INDIANB Intraday Graph & Trend)

Indian Bank share price moved Up by 4.38% from its previous close of Rs 513.25. INDIANB stock last traded price is 535.75. INDIANB share price trend is Up with a total of 1650001 stocks traded till now. It has touched an intraday high of Rs 537.45 and an intraday low of Rs 514.60. The INDIANB trading at 535.75, Up by Rs. 22.50, or 4.38 percent which suggests that most of the Traders are anticipating that the price of INDIANB share should go Up.

NSE: INDIANB Share Price Tomorrow Prediction

(Indian Bank Share Price Prediction for Tomorrow & future forecast is based on Current Trend of INDIANB)

Indian Bank share price moved Up by 4.38%. INDIANB share price short term trend is Up. It suggests that INDIANB Share Price for Tomorrow remains the same with VWAP at 530.18 will be treated as stop loss for intraday traders. Indian Bank Long term investors can follow the INDIANB long term trend as mentiond in future forecast table.

NSE Code

NSE: INDIANB

INDIANB Share Price Today

 535.75

INDIANB Share Price Target Prediction for 2024 ^

 402.5 - 571.2

INDIANB Share Price Target Prediction for 2025*^

 571.2 - 608.5

INDIANB Share Price Target Prediction for 2026*^

 608.5 - 651.1

INDIANB Share Price Target Prediction for 2027*^

 684

INDIANB Share Price Target Prediction for 2028*^

 703

INDIANB Share Price Target Prediction for 2030*^

 767
INDIANB Current Book Value 2023
369.6

*Indian Bank Short Term & Long Term share price target is based on current financial year earings of the company.
^INDIANB share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

INDIANB Technical Analysis

Candlestick Pattern: @559.05

INDIANB Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 527.72 BUY 534 BUY
MA_12 523.06 BUY 525.72 BUY
MA_20 525.56 BUY 523.31 BUY
MA_32 517.87 BUY 519.55 BUY
MA_50 521.47 BUY 513.69 BUY
MA_100 494.13 BUY 495.46 BUY
MA_200 440.76 BUY 443.21 BUY

INDIANB Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 547.36 OverBought
MACD 2.28 BUY
ADX 12.83 NO or Weak Trend
DMI (+/-) 28.56 / 16.22 Uptrend

INDIANB Momentum Oscillators

BUY (9) NEUTRAL (3) SELL (0)
Momentum Oscillators Value Action
RSI 64.88 Neutral
STOCHASTIC_K (Fast) 92.54 Overbought
STOCHASTIC_D (Slow) 81.27 Overbought
CCI 211.21 BUY
PSAR 500.4 BUY
TRUE RANGE 35.45 Neutral
ATR 18.98 BUY
WILLIAMS R -4.79 Overbought
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 98.95 Overbought
MOMENTUM 47.6 BUY

INDIANB Last 1 Year Trend

Duration Value
1 Year 76.3%
3 Months 21.55%
1 Month 9.31%
1 Week 7.33%

INDIANB Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 87%
NEUTRAL / HOLD 13%
SELL 0%

Most popular Questions & Answers about INDIANB


Indian Bank stock last traded price is 535.75. INDIANB share price moved Up by 4.38% from its previous close of Rs 513.25.

Indian Bank share price trend is Up with a total of 1650001 stocks traded till now. It has touched an intraday high of Rs 574.07875 and an intraday low of Rs 514.60. The INDIANB trading at 535.75, Up by Rs. 22.50, or 4.38 percent which suggests that most of the Traders are anticipating that the price of INDIANB share should go Up and the Stop Loss will be around 530.18.

The market cap of Indian Bank is ₹18191.1 (in Cr) as of May 14, 2024.

The current price to earning ratio for Indian Bank as of May 14, 2024 is 11.84.

The current price to book ratio for Indian Bank as of May 14, 2024 is 1.44.

The highest price of Indian Bank stock is ₹573.75 in the last 52-week.

The lowest price of Indian Bank stock is ₹268.00 in the last 52-week.

Indian Bank share trading at ₹535.75, Up by Rs. 22.50, or 4.38 percent which suggests that most of the traders are anticipating that the price of INDIANB share should go Up.

In 2023, Stock price target for Indian Bank (INDIANB) are ₹402.5 on downside and ₹571.2 on upside. Indian Bank share price target is based on current financial year earings of the company.

In 2024, Stock price target for Indian Bank (INDIANB) are ₹571.2 on downside and ₹608.5 on upside. Indian Bank share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Indian Bank (INDIANB) are ₹608.5 on downside and ₹651.1 on upside. Indian Bank share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Indian Bank (INDIANB) will be around ₹703 Indian Bank share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of INDIANB.

As per the fundamental analysis of Indian Bank (INDIANB), it is of Deluxe quality in terms of earnings and profit margins with an EPS of 59.86. Indian Bank book value per share as of today is 371.43. The current price to book ratio for INDIANB as of May 15, 2024 is 1.44.


NSE:INDIANB News & Other Useful Information about INDIANB Share Price


Peer Comparison of NSE: INDIANB

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Banks - Public Sector

Company Price EPS BV
SBIN 824.20 68.44 404.42
BANKBARODA 263.55 34.4 224.33
PNB 127.50 7.49 90.5
CANBK 118.15 80.23 444.77
IOB 62.50 1.4 14.77
UNIONBANK 139.70 17.88 95.63
BANKINDIA 126.80 13.87 129.24
CENTRALBK 61.75 2.94 32.26
INDIANB 535.75 59.86 371.43
UCOBANK 53.35 1.38 20.59
Updated at: 15 May 2024 09:32

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