Today, we’re going on a journey to explore the estimated ONGC Share Price Target for the years 2023 to 2050. We will use our Research and the company’s growth prospects to make a prediction. By the end of our journey, you will have a better understanding of the expected ONGC Share Price Target.
As an investor or a beginner interested in ONGC, it is essential to understand the potential of ONGC’s share price prediction. We will analyze the performance of the company’s shares in recent times and provide you with a well-researched ONGC Share price target for 2023, 2025, 2030 to 2050.
Additionally, we will also take into account analyst recommendations from various brokerage firms, including target high price, target low price, mean recommendation, and key recommendation.
Overview of ONGC
| Name | Oil and Natural Gas Corporation Limited |
| Industry | Oil and gas |
| Type | Central public sector undertaking (PSU) |
| Founded | 14 August 1956 |
| CEO | Alka Mittal |
| Headquarters | Vasant Kunj, New Delhi, India |
| Services | Exploration production refining marketing and transportation of oil and gas |
| Country | India |
| Locations | India and abroad |
| Website | ongcindia.com |
| Profile | Oil_and_Natural_Gas |
Keep an eye on ONGC’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in ONGC’s share price.
ONGC Share Price Live
ONGC Share Price History
Fundamentals of ONGC
The fundamental analysis of ONGC Limited focuses on key factors to better understand the company’s valuation. Various valuation techniques have been used, including the Price-to-Earnings Ratio (P/E), Price-to-Sales Ratio (P/S), Price-to-Book Value Ratio (P/B), Dividend Yield, and other Details.
The most useful metrics for a fundamental analysis of a company may vary depending on the specific company and industry, as well as the goals and investment strategy of the analyst. here are some additional metrics that can be useful in fundamental analysis.
| Competitor | Market Share |
|---|---|
| Reliance | 30% |
| Bharat Petroleum | 18% |
| Hindustan Petroleum | 14% |
| Oil India | 10% |
| GAIL (India) Limited | 8% |
| Other companies | 20% |
Brokerage Firms
ONGC Share Price Target 2023
An effective method for evaluating the ONGC share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms.
| DATE | AUTHOR | TARGET | TYPE |
|---|---|---|---|
| 16 JUN 2023 | Geojit BNP Paribas | 177.00 |
Buy
|
| 30 MAY 2023 | HDFC Securities | 168.00 |
Acc.
|
| 30 MAY 2023 | ICICI Direct | 190.00 |
Buy
|
| 29 MAY 2023 | Motilal Oswal | 215.00 |
Buy
|
| 29 MAY 2023 | Sharekhan | 170.00 |
Hold
|
| 28 MAY 2023 | ICICI Securities Limited | 218.00 |
Buy
|
| 16 FEB 2023 | HDFC Securities | 170.00 |
Buy
|
| 16 FEB 2023 | ICICI Direct | 180.00 |
Buy
|
| 16 FEB 2023 | ICICI Securities Limited | 187.00 |
Buy
|
| 15 FEB 2023 | Motilal Oswal | 200.00 |
Buy
|
Shareholding Pattern
| Holder | % of Shares |
|---|---|
| Promoters | 58.89% |
| Foreign Institutional Investors (FIIs) | 7.97% |
| Mutual Funds | 8.73% |
| Central Government | 10.30% |
| Others | 3.09% |
As you can see, the promoters of ONGC are the largest shareholders, with a 58.89% stake in the company. FIIs hold a 7.97% stake, while mutual funds hold an 8.73% stake. The central government holds a 10.30% stake, and the remaining 3.09% of the shares are held by other investors.
Our Recommendation
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ONGC Share Price Target 2023 to 2050
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched ONGC price target for 2023, 2025 to 2030, based on our Research knowledge and forecasting.
ONGC Share Price Target 2023
ONGC Share Price Target 2023 Minimum Target-Our analysis suggests that ONGC has the potential to reach a minimum share price target of ₹170 in 2023. This projection is based on several factors. Firstly, ONGC’s operational performance in Q4FY23 showcased a decline in crude oil realization but a significant rise in gas prices. This positive trend in gas prices, coupled with the commencement of the KG-98/2 project, is expected to boost the company’s oil production.
Additionally, the recent recommendations of the Kirit Parikh Committee, which allow ONGC to realize approximately 20% higher prices for gas produced from its new wells, further contribute to our optimistic outlook. These factors, along with the company’s efforts to enhance its financial performance, position ONGC for potential growth in share price.
ONGC Share Price Target 2023 Maximum Target– Our analysis also indicates that ONGC has the potential to reach a maximum share price target of ₹190 in 2023. This projection takes into account the positive impact of various factors on the company’s financial performance. Despite the domestic gas price cap, ONGC remains confident that gas produced from new wells could realize higher prices.
Moreover, the recent reduction in windfall tax is expected to have a favorable impact on ONGC’s financial performance. These factors, combined with the company’s ongoing efforts to optimize operations and capitalize on growth opportunities, contribute to our optimistic outlook for ONGC’s share price.
ONGC Share Price Target 2024
Our analysis suggests that ONGC has the potential to reach a minimum share price target of ₹180 in 2024. This projection is based on several factors. Firstly, ONGC’s ongoing efforts to optimize operations and capitalize on growth opportunities are expected to contribute to its financial performance. The commencement of the KG-98/2 project in August of the fiscal year 2023 is anticipated to boost the company’s oil production.
Our analysis also indicates that ONGC has the potential to reach a maximum share price target of ₹210 in 2024. This projection takes into account various positive factors that may impact the company’s financial performance. ONGC’s ability to realize higher prices for gas produced from new wells, as recommended by the Kirit Parikh Committee, is expected to have a favorable impact on its revenue and profitability.
ONGC Share Price Target 2025
Our analysis suggests that ONGC has the potential to reach a minimum share price target of ₹200 in 2025. This projection is based on several factors. Firstly, ONGC’s strategic initiatives to enhance operational efficiency and capitalize on growth opportunities are expected to contribute to its financial performance. The successful implementation of the KG-98/2 project and the realization of higher gas prices from new wells, as recommended by the Kirit Parikh Committee, are key drivers for potential growth.
Our analysis also indicates that ONGC has the potential to reach a maximum share price target of ₹250 in 2025. This projection takes into account various positive factors that may impact the company’s financial performance. ONGC’s continued focus on optimizing operations, exploring new reserves, and expanding its production capacity is expected to contribute to revenue growth and profitability.
ONGC Share Price Target 2030
Our analysis suggests that ONGC has the potential to reach a minimum share price target of ₹250 in 2030. This projection is based on several factors. Firstly, ONGC’s strategic initiatives to enhance operational efficiency, explore new reserves, and expand its production capacity are expected to contribute to revenue growth and profitability. The successful implementation of ongoing projects, such as the KG-98/2 project, is anticipated to boost the company’s oil production and positively impact its financial performance.
Our analysis also indicates that ONGC has the potential to reach a maximum share price target of ₹350 in 2030. This projection takes into account various positive factors that may impact the company’s financial performance. ONGC’s strong fundamentals, market reputation, and commitment to technological advancements are expected to position the company for long-term growth. Furthermore, the global transition towards cleaner energy sources and ONGC’s efforts to diversify its portfolio by investing in renewable energy may enhance its market value and investor confidence.
ONGC Share Price Target 2023 to 2050
| Years | Minimum Target | Maximum Target |
|---|---|---|
| 2023 | ₹170 | ₹190 |
| 2024 | ₹180 | ₹210 |
| 2025 | ₹200 | ₹250 |
| 2030 | ₹250 | ₹350 |
| 2040 | ₹500 | ₹700 |
| 2050 | ₹900 | ₹1200 |
ONGC Share Price Target 2023?
Based on our analysis, the maximum share price target for ONGC in 2023 could be ₹190.
ONGC Share Price Target 2025?
Based on our analysis, the maximum share price target for ONGC in 2025 could be ₹250.
ONGC Share Price Target 2030?
Based on our analysis, the maximum share price target for ONGC in 2030 could be ₹350.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– That these Share Price Targets for “ONGC Share Price Target” is only provided for informational purposes only. It does not constitute a recommendation to buy, sell or hold ONGC stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
