ONGC Share Price Target From Tomorrow 2024 to 2030: Oil and Natural Gas Corporation Limited (ONGC) is the largest producer of crude oil and natural gas in India, accounting for approximately 71% and 84% of the country’s respective production. As a government-owned entity, ONGC plays a vital role in ensuring energy security for the nation. Understanding ONGC’s future stock price trajectory is essential for investors due to its strategic significance in the energy sector and extensive operations. This analysis examines ONGC’s stock price projections from 2024 to 2030, taking into account the company’s financial indicators, market performance, and institutional factors.
ONGC Share Price Current Performance & Market Indicators
- Open Price: ₹330.45
- High Price: ₹332.30
- Low Price: ₹330.40
- Current Price: ₹330.85
- Market Capitalization: ₹4.17 Lakh Crore
- P/E Ratio: 9.25
- Dividend Yield: 3.70%
- 52-Week High: ₹345.00
- 52-Week Low: ₹173.05
- Price Change Over the Past Year: +88.25% (₹155.10 growth)
ONGC Share Price Target From Tomorrow 2024 to 2030
|
Year |
Share Price Target |
|
2024 |
₹363 |
|
2025 |
₹413 |
|
2026 |
₹550 |
|
2027 |
₹689 |
|
2028 |
₹731 |
|
2029 |
₹780 |
|
2030 |
₹870 |
ONGC Share Price Target Outlook for 2024-2030
2024 (₹363): The ONGC Share Price in 2024 is predicted to be ₹363. This estimation suggests a steady rise due to stable oil prices, increased gas production, and growth in exploration activities. The government’s focus on energy security and infrastructure development will also support ONGC’s performance soon.
2025 (₹413): By 2025, ONGC’s stock price may reach ₹413. This forecast is due to increased gas production, exploration activities, and partnerships. The company’s focus on performance, cost-cutting, and technology investment is expected to boost profits.
2026 (₹550): In 2026, ONGC’s stock price is expected to reach ₹550. This projection is based on continuous growth in the oil and gas sector. ONGC aims to benefit from its diverse investments in renewable energy. By enhancing output from existing fields and discovering new reserves, ONGC is likely to improve its financial performance.
2027 (₹689): The expected ONGC Share Price for 2027 is ₹689. This plan shows the company’s growth in refining and petrochemical areas, which are predicted to grow significantly. Also, ONGC’s investments in offshore and deepwater exploration, especially in the Krishna-Godavari region, are set to improve its production capacity and support continuous growth.
2028 (₹731): For 2028, ONGC aims for a Share Price of around ₹731. This target is based on its strong focus on renewable energy, especially wind and solar power, to expand its energy sources. Moreover, ONGC plans to boost fuel production capacity and grow its LNG business to strengthen its market position and support price increase.
2029 (₹780): The ONGC Share Price goal for 2029 is ₹780. This is due to rising global oil prices and ONGC’s efforts to improve performance and reduce emissions. Investment in technology will increase productivity and shareholder value.
2030 (₹870): By 2030, ONGC aims for a 870 percent rate increase. They plan to tackle challenges like global energy changes, rules, and market competition. ONGC focuses on renewable energy, better operations, and digital skills for long-term growth.
More Details official Webpage: https://ongcindia.com/
ONGC Share Price 2024: Target Price – ₹363
|
Year |
Share Price Target |
|
2024 |
₹363 |
ONGC Share Price 2025: Target Price – ₹413
|
Year |
Share Price Target |
|
2025 |
₹413 |
ONGC Share Price2026: Target Price – ₹550
|
Year |
Share Price Target |
|
2026 |
₹550 |
ONGC Share Price 2027: Target Price – ₹689
|
Year |
Share Price Target |
|
2027 |
₹689 |
ONGC Share Price 2028: Target Price – ₹731
|
Year |
Share Price Target |
|
2028 |
₹731 |
ONGC Share Price 2029: Target Price – ₹780
|
Year |
Share Price Target |
|
2029 |
₹780 |
ONGC Share Price 2030: Target Price – ₹870
|
Year |
Share Price Target |
|
2030 |
₹870 |
Key Factors Influencing ONGC Share Price
Crude Oil & Natural Gas Prices
The profitability of ONGC is closely linked to global crude oil and natural gas prices. Changes in these prices can significantly affect the company’s revenue and profits.
Exploration & Production Activities
ONGC’s future growth potential heavily relies on the successful execution of its exploration and production endeavors, both at home and abroad.
Government Policies
ONGC, being a state-owned enterprise, carries out its operations mainly through regulatory guidelines, tax incentives, subsidies, and import/export regulations.
Energy Transition
ONGC’s ability to adjust to the global transition to renewable energy and reduce its carbon emissions will be crucial in determining its long-term growth path.
Operational Efficiency
ONGC’s initiatives to improve operational efficiency, lower costs, and enhance supply chain management will have a significant impact on its financial performance overall.
Institutional Investor Sentiment
Changes in institutional ownership, especially through FIIs and mutual fund price fluctuations, can influence ONGC’s stock price. An increase in institutional ownership often signals positive market sentiment, while a decrease may indicate reduced confidence.
What is the projected ONGC Share Price for 2024?
In 2024, ONGC aims to achieve a share price of ₹363, driven by strong growth prospects linked to current market conditions and operational performance.
What is the ONGC Share Price by using 2030?
ONGC aims to achieve a share price target of ₹870 by 2030, propelled by consistent growth, market expansion, entry into renewable energy, and technological advancements.
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