Share of Oil and Natural Gas Corporation Limited (ONGC) is currently trading at around Rs.173/- Existing as well as prospective investors are asking for the ONGC share price target from 2023 to 2030. In this article, we will discuss about the business prospects and financial performance of ONGC and based on our discussion and analysis will tell you the ONGC Share Price Target from 2023 to 2030.
Following are the frequently asked questions by the existing as well as prospective investors, about the Oil and Natural Gas Corporation Limited (ONGC):
- What is the price target of ONGC in 2023?
- What is the price target of ONGC in 2024?
- What is the price of ONGC share in 2025?
- What is the target price of ONGC?
- What is future of ONGC?
Discussion & Analysis of Business & Financial performance & future business prospects of Oil and Natural Gas Corporation Limited (ONGC):
Oil and Natural Gas Corporation Limited (ONGC) is India’s largest oil and gas company. It is a Maharatna company, which is the highest category of industrial classification in India. ONGC is headquartered in Mumbai, Maharashtra.
ONGC has a bright future ahead of it. The company has a number of factors in its favor, including:
- A large and growing domestic market: India is a rapidly growing economy with a large and growing population. This means that there is a growing demand for oil and gas in India.
- A strong exploration and production (E&P) portfolio: ONGC has a strong E&P portfolio, with assets in India and overseas. This gives the company a long-term source of oil and gas production.
- A diversified business portfolio: ONGC is not just an oil and gas company. It also has interests in refining, petrochemicals, and other energy-related businesses. This diversification helps to reduce the company’s risk and makes it more resilient to changes in the global energy market.
- A strong financial position: ONGC is a financially strong company with a good balance sheet. This gives the company the resources it needs to invest in new projects and to weather any storms in the global energy market.
In addition to these factors, ONGC is also taking steps to position itself for the future. The company is investing in new technologies, such as shale gas exploration and production, to help it meet the growing demand for energy in India. ONGC is also expanding its international operations, which will help it to diversify its revenue streams.
Overall, ONGC is well-positioned for future growth. The company has a strong domestic market, a diversified business portfolio, and a strong financial position. ONGC is also taking steps to position itself for the future by investing in new technologies and expanding its international operations.
Here are some specific examples of ONGC’s future business prospects:
- Domestic E&P: ONGC is planning to invest heavily in domestic E&P in the coming years. The company has identified a number of new oil and gas fields in India that it plans to develop. This investment will help ONGC to increase its production of oil and gas in India, which will meet the growing demand for energy in the country.
- International E&P: ONGC is also expanding its international E&P operations. The company has acquired assets in countries such as Russia, Mozambique, and Myanmar. This expansion will help ONGC to diversify its sources of oil and gas production, which will reduce its risk.
- Refinery and petrochemicals: ONGC is also investing in refining and petrochemicals. The company has a number of refineries in India and it is planning to build new ones. ONGC is also investing in petrochemicals, which are used to make a variety of products, such as plastics and fertilizers. This investment will help ONGC to capture more value from the oil and gas it produces.
- New energy: ONGC is also investing in new energy technologies, such as solar and wind power. The company believes that these technologies will play an increasingly important role in the future energy mix. ONGC’s investment in new energy will help it to diversify its business and reduce its exposure to the oil and gas industry.
Overall, ONGC has a bright future ahead of it. The company is well-positioned to meet the growing demand for energy in India and around the world. ONGC is also taking steps to position itself for the future by investing in new technologies and expanding its business portfolio.
Share Price Targets:
ONGC Share Price Target 2023
Based on the above discussion and analysis, the share price of ONGC may touch the level of around Rs.175-190 in 2023.
ONGC Share Price Target 2024
Based on the above discussion and analysis, the share price of ONGC is likely to touch the level of around Rs.200-225 in 2024
ONGC Share Price Target 2025
Based on the above discussion and analysis, the share price of ONGC is likely to remain in the range of Rs.240-270 in 2025.
ONGC Share Price Target 2026
Based on the above discussion and analysis, the share price of ONGC may touch the level of around Rs.275-300 in 2026.
ONGC Share Price Target 2027
Based on the above discussion and analysis, the share price of ONGC is likely to touch the level of around Rs.320-350 in 2027
ONGC Share Price Target 2028
Based on the above discussion and analysis, the share price of ONGC is likely to remain in the range of Rs.375-400 in 2028
ONGC Share Price Target 2029
Based on the above discussion and analysis, the share price of ONGC is likely to touch the level of around Rs.425-450 in 2029
ONGC Share Price Target 2030
Based on the above discussion and analysis, the share price of ONGC is likely to remain in the range of Rs.475-500 in 2030
Disclaimer: Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general guidance purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
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