ONGC Share Price Target (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030), Oil and Natural Gas Corporation Ltd Fundamentals, Financial Trends, Businesses, Future Plans and more.
In this article, we are going to talk about the ONGC share. Mainly in this post, we will know about the share price target of ONGC stock. Along with we will know its fundamentals, financial trends, and plans of this company.
Hey friends, I am Sachin, the author of this blog. As you know in today’s article we will try to predict the ONGC share price target but before that, we will understand ONGC Limited company and its fundamentals, and financial trends too.
So, stay tuned till the end of this article. So that you get to know everything about ONGC company very well and you can decide for yourself whether to invest in it or not.
About ONGC
The full form of ONGC is Oil and Natural Gas Corporation, established on 14 August 1956. This company is incorporated by the Government of India, which is headquartered in New Delhi. The products which are produced by the company are Natural gas, Petroleum, LNG, Petrochemicals, Lubricants, and Electricity.
So let’s talk about its share, the market cap of Oil and Natural Gas Corporation (ONGC) share is now 1,76,942 crores. That means this is a large-cap company. This company employs more than 33,600 people, of which 6.57% are women, which is quite good. Whether you want to invest money in the shares of OMGC or not, you can find out from the details mentioned in this article. So let us first look at the fundamentals of ONGC company, after that, we will talk about the financial trends.
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Financial Trends of ONGC
If we talk about the revenue and profit of ONGC Company then –
In 2019, the revenue of ONGC was ₹ 453,683 and its profit was ₹ 30,546. There was a revenue of ₹ 424,961 crore in 2020 and a profit of ₹ 10,804 crore. In the same 2021, there was a profit of ₹ 16,304 crore with a revenue of ₹ 360,464 crore. And this year i.e. in 2022 there has been a strong profit of 45,522 crores with a revenue of 531,762 crores.
ONGC Share Price Target 2022, 2023, 2024, 2025, 2026, 2030 Table
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| ONGC Share Price Target 2023 | 170 | 190 |
| ONGC Share Price Target 2024 | 240 | 260 |
| ONGC Share Price Target 2025 | 355 | 375 |
| ONGC Share Price Target 2026 | 480 | 520 |
| ONGC Share Price Target 2027 | 570 | 600 |
| ONGC Share Price Target 2028 | 745 | 785 |
| ONGC Share Price Target 2029 | 990 | 1040 |
| ONGC Share Price Target 2030 | 1200 | 1500 |
For more details about the sharing of ONGC, watch this video
ONGC Share Price Target 2023
ONGC is India’s leading company producing oil and gas. Due to the sole dominance of ONGC in such a big market of the country, whenever the demand for oil and gas is seen increasing from time to time, there is a good rise in the company’s finances as well. In the coming days, if the demand remains intact, then ONGC Share Price Target 2023 is expected to see INR 170. As soon as the company hits this target, we will see a second target of INR 190.
ONGC Share Price Target 2024
As we can see the fundamentals of ONGC Limited are almost good, and we are seeing the effect of this on the share price. But if the company improves its fundamentals, then we can see a rise in the price of this stock. Not much growth can be seen in the share of ONGC Company in 2024. So keeping all this in mind, if we predict ONGC share price target 2024, then we can see it at INR 240 and another target can be seen for INR 260.
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ONGC Share Price Target 2025
As you will look at the company’s business, the company is not good for long-term investors in terms of the company’s business. ONGC’s oil and gas business is going to see a decrease in its use in the coming years, due to which the impact on the ONGC share is going to be seen in the coming times.
Talking about the ONGC Share Price Target 2025, the first target can be INR 355 and the second target we will get to see is INR 375. However, with the company gradually expanding its business in Renewable Energy, the Company’s Subsidiary HPCL has also started setting up several EV Charging Stations, due to which this company has full potential to show good performance in the future.
ONGC Share Price Target 2030
As we can see the profit, revenue, and net worth of ONGC are increasing. Which gives an excellent signal for long-term investment. From the chart we can see that the ONGC has made a huge profit in 2022, i.e. this company has made a profit of 45,522 crore, which is fine. If the company continues to grow like this, we will see the first ONGC Share Price Target 2030 of INR 1200. And if this company will maintain this momentum then we can see another target of INR 1500.
Conclusion
We have tried to give you complete and detailed information about the ONGC Share Price Target 2023, 2024, 2025, 2026, and 2030 in this article. Reading the above article will help you make a good decision about ONGC Limited.
So friends, if you are investing in stocks only after seeing the share price target, then do not do this. Because there are many reasons behind the rise and fall of the Stock price. If you have any queries, please ask in the comment box we will try to solve your issue by providing a better solution.
FAQs
Is ONGC share good to buy for the long term?
I think this ONGC can give very good profit in the long run. As its business model is quite strong. And anyway, in the future, we will get to see very good growth in the fuel sector stock. But whether to invest money in it or not completely depends on you.
What will ONGC stock be worth in 10 years?
If we talk about the technical aspects of ONGC company, then you will get to see this share price between INR 1800 to INR 2400, in under 10 years.
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