Today, weโll discuss the ONGC Share Price Target 2025, 2026, 2027, 2028, and 2030, as well as how this companyโs anticipated success relates to the Government of Indiaโs oil and gas production sector.
However, you wonโt get to see that much success if you take a look at the long-term behavior of ONGCโsย (Oil and Natural Gas Corporation Limited) stock.
To determine how muchย the ONGC share price target can achieve in the upcoming years, we will evaluate the full scope of the ONGC companyโs operations today andย potential future opportunities. Letโs learn more details about the business.
About ONGC Company
Oil and Natural Gas Corporation, which was founded on August 14, 1956, is known by its complete name. The Government of India, with its main office in New Delhi, is the entity that established this business.
The largest oil and gas producer in India, ONGC accounts for about 71 percent of the countryโs domestic output. To make petroleum products like gasoline, diesel, kerosene, naphtha, and cooking gas LPG, downstream companies likeย BPCL, HPCL,ย IOCL, and MRPLย use crude oil as their primary raw material.ย According to Wikipedia
Also Read: Adani Power Share Price Target 2023, 2024, 2025, 2026, 2030
Table of ONGC Share Price Target 2025-2030
| Target Year | Minimum Price | Maximum Price |
| 2023 | โนย 180 | โน 200 |
| 2024 | โนย 215 | โนย 230 |
| 2025 | โนย 250 | โนย 290 |
| 2026 | โนย 330 | โนย 370 |
| 2027 | โนย 400 | โนย 440 |
| 2028 | โนย 490 | โนย 550 |
| 2029 | โนย 600 | โนย 680 |
| 2030 | โนย 740 | โนย 810 |
ONGC Share Price Target 2023
The Government of India owns the business known as ONGC, which is regarded as Indiaโs top oil and gas producer. About 84 percent of Indiaโs natural gas and about 70 percent of its petroleum oil are produced solely by ONGC.
Every time the demand for oil and gas is seen increasing periodically due to ONGCโs lone dominance in such a large market of the country, there is a decent boom in the companyโs business as well.
If observed for some time following the pandemic, the demand for crude oil has been seen rising quickly, which has been seen to positively impact the companyโs business.
If demand continues to be strong, ONGC share price target 2023ย is predicted to show you Rs 180, the first target with a strong bounce until 2023, in the future days as well. As soon as you reach this goal, another goal of Rs. 200 will start to pay off.
| Target Year | Minimum Price | Maximum Price |
| 2023 | โนย 180 | โนย 200 |
Also Read:ย Adani Wilmar Share Price Target 2022, 2023, 2024, 2025, 2026 and 2030
ONGC Share Price Target 2024
The company has observed joint ventures and associate partners with other companies over the past few years in addition to ONGC constantly purchasing stakes in numerous other businesses. There are numerous large corporations among them, including Opal, HPCL, MRPL, and ONGC Subsidiaries.
As a result of ONGCโs ongoing work on new projects, the company has expanded its presence in numerous nations around the globe. You shouldnโt, however, hold out much optimism for the companyโs share price as it expands.
There is little chance that the market will give the stock of this company a high value in the near future given that it is a government-owned business and the uncertainty of its business.
If seen in a short time, ONGC share price target 2024 can be seen around Rs 215 with very good returns. After that, you can see another target for Rs.230.
| Target Year | Minimum Price | Maximum Price |
| 2024 | โนย 215 | โนย 230 |
ONGC Share Price Target 2025
Everyone is aware that, given the rate at which people are using oil and gas, these fuels will soon run out, leading to a rise in the use of renewable energy.
Even though ONGCโs business is not at all benefited from renewable energy, ONGC has begun shifting its focus to clean energy in order to grow with this developing technology.
The business of ONGC will experience positive development in the near future as it employs various strategies to increase the production of clean energy.
If the company is seen expanding its Clean Energy business, the first goal in the ONGC share price targetย 2025 shows Rs 250ย with strong business growth. The second goalย for Rs. 290ย should then be considered for holding.
| Target Year | Minimum Price | Maximum Price |
| 2025 | โนย 250 | โนย 290 |
Also Read:ย Tata Steel dividend history, payout dates, record date before 2023
ONGC Share Price Target 2026
The remarkable rise of cleaner energy alternatives, which range from renewable sources and electric vehicles to batteries and hydrogen, poses an obvious and enduring threat to the oil and gas industryโs status quo.
The danger is tactical rather than existential, at least for the next 20 years, as the new energy paradigm necessitates a serious rethinking and restructuring of current business models.
In the electricity industry, wind and solar energy have advanced significantly. According to IRENA, over 80% of the increase in generating capacity in 2020 came from green sources.
Strong policy requirements have undoubtedly benefited EVs, but the fact that this has coincided, counterintuitively, with a year of low oil prices shows that the trend is not at all an exception. The ONGC share price target 2026 is Rs. 330, and the second ONGC share price target is Rs. 370, taking into account all of these variables.
| Target Year | Minimum Price | Maximum Price |
| 2026 | โนย 330 | โนย 370 |
ONGC Share Price Target 2030
If you were to look at ONGCโs business for a very long time, the companyโs business would not appear good at all for long-term investors. The oil and gas business of ONGC will experience a decline in usage over time, which will undoubtedly have an effect on the companyโs operations in the near future.
However, the companyโs subsidiary HPCL has also started establishing a number of EV Charging Stations, so ONGC has the potential to perform well in the future as it gradually expands its business in renewable energy.
Thereโs a high chance that the ONGC share price targetย will be around Rs. 810 in 2030 if the companyโs growth is seen to be proceeding as planned by the management. This would result in profitable returns for the shareholders.
| Target Year | Minimum Price | Maximum Price |
| 2030 | โนย 740 | โนย 810 |
F.A.Q: People also ask โ
How will ONGC share from a future perspective?
Future business prospects for ONGC present a sizable chance, but how management chooses to grow the companyโs business will determine how the stock performs in the future.
When would it be right to buy ONGC shares?
If you intend to hold ONGC stock for a long period, you should monitor this share as soon as the company anticipates a decline in business. In my opinion Rs. 140 to Rs. 180 is the right price to buy this share for the next 2 or more years.
Has ONGC paid dividends?
Since August 29, 2000, Oil and Natural Gas Corporation Ltd. has issued 54 dividends. Oil and Natural Gas Corporation Ltd. recently announced an equity payout worth Rs. 14.00 per share. This yields a dividend of 8.85% at the present share price of Rs 158.20.
ONGC full form
Oil and Natural Gas Corporationย
Also Read:ย NALCO Share Price Target 2025, 2030, 2040, 2050
Conclusion
In conclusion, the ONGC Share Price Targetย 2025-2030 shows a potential increase in stock value over time.
As the largest oil and gas producer in India, ONGCโs dominance in the industry and the countryโs increasing demand for oil and gas could lead to continued success for the company.
However, it is important to keep in mind that these predictions are not guaranteed and depend on various factors, including the global economy and market conditions.
Investors should conduct their research and exercise caution when making investment decisions. Overall, ONGCโs position in the Indian oil and gas sector and its strong fundamentals make it a company to watch in the coming years.
