ONGC share target 2023,2024,2025,2026,2030
ONGC Share Price Target 2023, 2025, 2027, 2029, 2030 -ONGC (Oil and Natural Gas Corporation) stands as an Indian multinational oil and gas corporation with its headquarters situated in Dehradun, Uttarakhand, India. On a global scale, it ranks among the most prominent publicly traded companies specializing in oil and gas exploration and production. The core focus of ONGC lies in the exploration, advancement, and extraction of crude oil and natural gas. Its operations span the entire spectrum of the hydrocarbon value chain, encompassing upstream activities such as exploration and production, midstream tasks including processing and transportation, and downstream functions like refining and marketing.
The inception of ONGC dates back to 1956 when it was established as a state-owned enterprise under the administrative jurisdiction of the Indian Ministry of Petroleum and Natural Gas. It came into existence through the amalgamation of the Oil and Natural Gas Directorate and the Oil and Natural Gas Commission. Since its establishment, ONGC has played a pivotal role in shaping India’s oil and gas sector. Its extensive portfolio encompasses substantial oil and gas assets both within India and on an international scale. ONGC boasts significant hydrocarbon reserves and has been actively engaged in exploration and production ventures across diverse regions within India, spanning the Western Offshore, Eastern Offshore, and Onshore areas.
Furthermore, ONGC’s ventures extend globally, with international exploration undertakings in nations such as Russia, Brazil, Vietnam, and others.

Contents
- Table of Contents
- ONGC Share Price Target 2023
- ONGC Share Price Target 2023 Table
- ONGC Share Price Target 2024
- ONGC Share Price Target 2024 Table
- ONGC Share Price Target 2025
- ONGC Share Price Target 2026
- ONGC Share Price Target 2026 Table
- ONGC Share Price Target 2030
- ONGC share price target 2025 India
- ONGC share price future prediction
- ONGC share price target motilal oswal
- Future of ONGC Share
- Risk of ONGC Share
- Is ONGC good to invest?
- Is ONGC share a good buy?
- Is it good to hold ONGC shares for the long term?
Table of Contents
ONGC stands as a Maharatna enterprise, owned by the Government of India, and holds a preeminent position as a prominent oil and gas producer within the country. It commands a significant share of India’s oil and gas production landscape, contributing to approximately 70 percent of the nation’s crude oil and around 84 percent of its natural gas output. This robust production capacity positions the company advantageously to capitalize on the growing demand for oil and gas within the domestic market. With ONGC’s unparalleled dominance in such a critical sector of the country’s economy, the company tends to experience positive growth spurts whenever there is an upswing in demand for oil and gas.
Looking at the period following the pandemic, there has been a notable surge in the demand for crude oil, leading to favorable outcomes for the company’s business. Considering the prospect of sustained demand in the foreseeable future, it’s anticipated that ONGC’s share price may witness substantial growth by 2023, potentially reaching an initial target of Rs 185. Following this milestone, another target of Rs 190 is anticipated to be achieved in due course.
Year | ONGC Share Price Target 2023 |
First Target 2023 | Rs 185 |
Second Target 2023 | Rs 190 |
In recent periods, ONGC has been consistently engaged in collaborative efforts with other enterprises through Joint Ventures and Associate partnerships, along with acquiring stakes in various other companies. Observing the company’s strategic alliances, ONGC is closely aligned with prominent entities such as HPCL, MRPL, and OPal. This collaborative approach is poised to yield favorable profits for the company’s business in the foreseeable future. The management of ONGC is actively charting comprehensive plans to continue fostering partnerships or joint ventures with other firms in the upcoming years. As ONGC continues to expand its collaborative network, it’s foreseeable that the company’s business will reap substantial advantages.
As these partnerships continue to expand, envisioning ONGC’s Share Price Target for 2024 reveals a potential initial target of approximately Rs. 220, offering promising returns. Subsequently, there is potential for another target at around Rs. 230 to materialize.
Year | ONGC Share Price Target 2023 |
First Target 2024 | Rs 220 |
Second Target 2024 | Rs 230 |
As common knowledge dictates, the gradual depletion of conventional oil and gas reserves is steering us toward an era where Renewable Energy sources will take center stage. Recognizing this transformative shift, ONGC has initiated steps to pivot its business toward Clean Energy, although its traditional domain is not inherently aligned with this transition. The company’s management is wholeheartedly committed to rapidly amplifying its production of clean energy using various sources in the coming years. By adopting diverse methodologies to augment Clean Energy output, ONGC is poised to reap substantial financial benefits.
As the company delves further into Clean Energy ventures, envisioning ONGC’s Share Price Target for 2025 reveals an initial target of substantial growth in business, potentially reaching Rs 250. Subsequently, considering the trajectory, it’s advisable to contemplate holding onto a second target of Rs. 270.
ONGC Share Price Target 2025 Table
Year | ONGC Share Price Target 2023 |
First Target 2025 | Rs 250 |
Second Target 2025 | Rs 270 |
Upon observation, the ONGC management has undertaken substantial strategic initiatives, shaping the trajectory of its future business endeavors, coupled with significant investments in the advancement of novel projects. Over the recent years, ONGC’s noteworthy allocations have been directed towards the development of clean energy initiatives, fostering its progressive stance within this emerging sector. Moreover, this trend is expected to persist, with the company poised to meticulously prepare for substantial investments in the forthcoming years to cultivate an array of new projects centered on clean energy.
As these projects aligned with ONGC’s Clean Energy agenda come to fruition in the upcoming period, there is a strong prospect of accelerated business growth for the company. With escalating investments in new projects, envisaging ONGC’s Share Price Target for 2026, it’s conceivable to anticipate an initial target of approximately Rs. 300, presenting the opportunity for remarkable returns. Following the achievement of this milestone, the next target of Rs. 330 could be anticipated in the near future.
Year | ONGC Share Price Target 2023 |
First Target 2026 | Rs 300 |
Second Target 2026 | Rs 330 |
As you examine ONGC’s business over an extended period, it becomes evident that the company’s current business outlook is unfavorable for investors. The oil and gas segment of ONGC, which is projected to experience diminishing demand in the long term, will inevitably impact the company’s overall performance in the near future. Acknowledging this circumstance, the management is gradually steering the company’s focus toward Renewable Energy. Additionally, ONGC’s subsidiary HPCL has embarked on establishing multiple EV Charging Stations across the country. This strategic shift in ONGC’s business model holds significant promise for future growth. Considering the expanding business prospects over the long haul, the ONGC Share Price Target for 2030 indicates a strong likelihood of reaching around Rs. 600 per share, thereby potentially delivering substantial returns to its shareholders.
Year | NTPC Share Price Target 2030 |
First Target 2030 | Rs 600 |
Second Target 2030 | Rs 650 |
ONGC stands as one of India’s premier oil and gas exploration enterprises, drawing significant interest from investors seeking enduring growth prospects. Anticipating the ONGC share price projection for 2025 invites a range of viewpoints from experts. Motilal Oswal’s research report, for instance, envisions ONGC’s shares ascending to Rs. 200 by 2025, citing robust fundamentals and growth prospects. This prognosis derives from ONGC’s strategic shift towards expanding its activities beyond oil, encompassing the realm of natural gas, which promises enhanced profit margins.
Nevertheless, certain analysts adopt a cautious stance regarding investment in ONGC shares, influenced by factors such as governmental regulations governing fuel cost determination and the competition posed by international contenders. Amid these disparate perspectives, a central truth persists – meticulous scrutiny of ONGC’s financials and market trends can furnish invaluable insights into its potential forthcoming performance. In line with any investment opportunity, it remains imperative for investors to conduct their individual research rather than relying solely on predictions prior to reaching any decisions.
Examining ONGC shares’ future potential unveils a captivating endeavor. Although the future remains uncertain, certain indicators allow for informed speculation regarding the trajectory of ONGC shares. Paramount among these is a thorough analysis of the company’s financial performance. ONGC boasts a resilient history of profitability, adeptly navigating challenges like oscillating oil prices and industry rivals. As long as this commendable financial stability endures, it logically follows that their share price could sustain an upward trend.
Government policy constitutes another pivotal factor. Given ONGC’s status as a state-owned enterprise, its fate intertwines with Indian government agendas and directives. If these policies continue to favor the energy sector, propelling sustained growth for entities like ONGC, positive fluctuations in share prices may become discernible over time.
Naturally, external forces including global economic conditions and geopolitical uncertainties exert their influence, shaping expectations for specific stocks or market segments. Investors keen on projecting ONGC’s future trends should vigilantly monitor these external events.
While absolute certainty remains elusive in the realm of stock price predictions and market shifts, several key considerations serve as compasses, guiding investors when deliberating the acquisition or divestment of shares in companies such as ONGC.
As we conclude this article, the appeal of ONGC as a prospect for long-term investors becomes evident. Despite potential short-term fluctuations, the company boasts robust fundamentals and a promising trajectory ahead. The projection by Motilal Oswal, envisioning ONGC’s share price reaching Rs 160 by 2025, aligns with the optimistic outlook shared by analysts regarding the stock’s growth potential. Nonetheless, it’s crucial to bear in mind that these targets represent mere forecasts contingent upon prevailing market circumstances, susceptible to alteration over time. Just as with any investment determination, conducting personal research and seeking guidance from financial advisors remains paramount before engaging in any market activities. Thus, ONGC undeniably merits attention as an asset to monitor for those inclined to invest in India’s burgeoning energy sector.
year | ONGC 1ST SHARE PRICE TARGET | ONGC 2ST SHARE PRICE TARGET |
2023 | RS 185 | RS 190 |
2024 | RS 220 | RS 230 |
2025 | RS 250 | RS 270 |
2026 | RS 300 | RS 350 |
2027 | RS 400 | RS 450 |
2028 | RS 490 | RS 515 |
2029 | RS 550 | RS 595 |
2030 | RS 600 | RS 650 |
The horizon for ONGC (Oil and Natural Gas Corporation) shares holds promise, yet it’s imperative to recognize that predicting financial outcomes carries inherent uncertainties and lacks absolute assurance. ONGC stands as a significant player within India’s oil and gas sector, with its stock performance swayed by a medley of factors including worldwide oil prices, exploration and production endeavors, governmental policies, and broader market conditions. Moving forward, the trajectory of ONGC shares hinges on several pivotal elements:
- Oil and Gas Demand: The constancy of oil and gas demand, driven by economic expansion and industrial growth, remains a prevailing theme. ONGC’s adeptness in exploration and production positions it to aptly address this demand.
- Price Volatility: Recognized for their fluctuation, oil prices are subject to influences spanning geopolitical occurrences, supply-demand interplays, and market conjecture. Variations in oil prices can ripple into ONGC’s profitability, thereby impacting the valuation of its shares.
- Exploration and Production: ONGC’s capacity to explore and cultivate novel oil and gas reserves is of paramount importance for enduring expansion. Fruitful discoveries and streamlined production techniques substantiate the company’s financial health and, consequently, its share valuation.
- Government Policies: ONGC’s status as a government-owned entity renders it susceptible to the sway of governmental directives. Modifications in regulations, taxation, and licensing possess the potential to reverberate across the company’s profitability and future growth outlook.
- Energy Transition: The global shift toward renewable energy sources and ecological concerns introduces potential challenges for conventional oil and gas enterprises. ONGC must navigate evolving market dynamics and allocate resources to cleaner energy alternatives, thus upholding competitiveness in the times ahead.
Engaging in stock investment invariably entails inherent risks, and it’s advisable to undertake comprehensive research or consult financial experts prior to making any investment choices. The forthcoming trajectory of ONGC shares hinges on the company’s adeptness at adeptly navigating these variables and sustaining its standing in the oil and gas sector.
Investing in ONGC (Oil and Natural Gas Corporation) shares presents distinct risks, necessitating a profound comprehension before committing to investment decisions. Below are key risk factors associated with ONGC shares:
- Oil Price Volatility: The direct correlation between ONGC’s profitability and global oil prices implies that oscillations in oil prices can reverberate through the company’s revenue and earnings. Abrupt drops in oil prices can adversely impact ONGC’s financial performance.
- Exploration and Production Risks: ONGC’s prosperity hinges on its proficiency in exploring and exploiting fresh oil and gas reserves. Yet, inherent perils accompany exploration undertakings, encompassing potential outcomes like unsuccessful drilling, cost overruns, or project completion delays. These risks have the potential to affect the company’s profitability and returns for shareholders.
- Government Policies and Regulations: As a government-owned entity, ONGC remains subject to governmental policies, regulatory frameworks, and alterations in taxation and licensing. Modifications in these realms possess the capacity to influence the company’s operations, profitability, and future growth opportunities.
- Environmental and Sustainability Concerns: The escalating emphasis on environmental sustainability introduces the possibility that ONGC’s operations and products may encounter obstacles due to their carbon footprint and ecological impact. Regulatory shifts or shifts in public sentiment favoring cleaner energy sources could sway demand for ONGC’s offerings, potentially impacting its share valuation.
- Geopolitical and Global Economic Factors: ONGC’s operations find themselves under the sway of geopolitical occurrences, global economic contexts, and trade disputes. These factors can impact oil prices, market sentiment, and capital flows, thereby exerting an influence on ONGC’s share performance.
- Competition and Technological Advancements: Operating within a fiercely competitive sphere, ONGC faces the role of technological advancements and innovations. Failing to keep abreast of industry trends or competition could influence ONGC’s market positioning and profitability.
Conducting exhaustive research, gauging one’s risk tolerance, and seeking guidance from financial professionals are all pivotal steps to consider before investing in ONGC shares or any other financial instruments.
Is ONGC good to invest?
We believe ONGC to be a good medium-term investment opportunity
We continue to uphold our BUY suggestion for ONGC.
Over the preceding three years, ONGC has consistently distributed dividends amounting to approximately 33% of its combined PAT.
Disclaimer:
Esteemed viewers, it’s essential to remember that I lack authorization from SEBI (Securities and Exchange Board of India) to dispense financial advice or recommendations. The details and insights provided on this website are meant purely for educational and informational purposes, and should not be construed as investment advice, stock endorsements, or financial counsel. Despite my sincere intent, I cannot be held liable for any monetary losses that might arise based on the information presented on this website. Nonetheless, I’m dedicated to offering prompt updates on the stock market, cryptocurrencies, and financial instruments in a personable manner, with the aspiration of aiding you in making well-informed investment choices.