Friends, today we will talk ONGC Share Price Target 2023, 2024, 2025, 2026, 2030 How is the performance of this company associated with the oil and gas production business of the Government of India expected to be till 2019? However, if we look at the long-term performance of ONGC (Oil and Natural Gas Corporation Limited) stock, we do not see that special performance.
Therefore today, along with analyzing the complete details of the business of ONGC company, we will also look at the future opportunities, this will give us an idea of what will happen in the coming years. ONGC Share Price Target Ability to show how many rupees is visible. Let us know about the company in detail-
ONGC Share Price Target 2023
ONGC is a Maharatna company owned by the Government of India, which is one of the leading companies in India producing oil and gas. Where ONGC alone produces about 70 percent of India’s crude oil and about 84 percent of natural gas, due to which the company gets the maximum benefit from the increasing oil and gas in the domestic market.
Due to ONGC’s sole dominance 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 boom in the business of the company as well. If we look at the past few times after the pandemic, the demand for crude oil has been seen increasing rapidly, due to which the company’s business has been seen getting good profits.
If the demand remains intact in the coming days also ONGC Share Price Target 2023 With a very good bounce till now, the first target is expected to be Rs 185. After this target, you will soon see another target of Rs 190.
ONGC Share Price Target 2023 Table
| Year | ONGC Share Price Target 2023 |
|---|---|
| First Target 2023 | Rs 185 |
| Second Target 2023 | Rs 190 |
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ONGC Share Price Target 2024
For some time now, along with buying stakes from many other companies, ONGC is also seen working with other companies under Joint Venture and Associates partnership. If we look at the partnerships of the company, ONGC is seen working together with many big companies like HPCL, MRPL, OPal, due to which there is full hope of getting good profits for the company’s business in the coming time.
In the coming years also, the management of ONGC is seen making plans to work with other companies one after the other under partnership or joint venture. As ONGC continues to increase its partnerships with other companies in the coming days, it can be expected that the company’s business will definitely see good benefits.
Due to increasing partnerships with other companies ONGC Share Price Target 2024 If you look at it, you can see the first target around Rs 220 while earning very good returns. After that you can soon see the second target showing at Rs 230.
ONGC Share Price Target 2024 Table
| Year | ONGC Share Price Target 2024 |
|---|---|
| First Target 2024 | Rs 220 |
| Second Target 2024 | Rs 230 |
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ONGC Share Price Target 2025
Everyone knows that the way people are gradually using oil and gas, this fuel is going to get exhausted soon, due to which in the future people will start using renewable energy more and more. Although Renewable Energy is not at all positive for ONGC’s business, but keeping this in mind, ONGC has also started transforming its business towards Clean Energy.
The entire focus of the management is to rapidly increase its clean energy production through different sources in the coming few years. In the coming time, as the company will use different methods to increase the production of clean energy, ONGC’s business will definitely see good benefits accordingly.
If the company is seen expanding its business in Clean Energy then ONGC Share Price Target 2025 If you look at it, you can see the first target showing good growth in the business is Rs 250. And then you should think of holding the second target for Rs 270.
ONGC Share Price Target 2025 Table
| Year | ONGC Share Price Target 2025 |
|---|---|
| First Target 2025 | Rs 250 |
| Second Target 2025 | Rs 270 |
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ONGC Share Price Target 2026
If seen, the management of ONGC has been seen taking many big decisions regarding the future of its business and also making huge amounts of investment for the development of new projects. In recent times, ONGC has been seen investing in the project development of many clean energy sources, due to which the company is gradually strengthening its hold in this new business segment. .
Also, in the coming few years, companies are seen making full preparations to invest huge amount for the development of new projects related to Clean Energy. As new projects related to Clean Energy of ONGC will be developed in the coming days, there is every possibility of the company’s business growing rapidly.
As the company increases its investment in new projects ONGC Share Price Target 2026 If you look at it, you can definitely see the first target around Rs 300 while earning very good returns. After having this target interest, you have full hope of showing the second target of Rs 330 soon.
ONGC Share Price Target 2026 Table
| Year | ONGC Share Price Target 2026 |
|---|---|
| First Target 2026 | Rs 300 |
| Second Target 2026 | Rs 330 |
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ONGC Share Price Target 2030
As you look at ONGC’s business for a long time, the company’s business is not looking good at all for investors. ONGC’s oil and gas business is going to see a decline in its usage in the long run, due to which its impact on the company’s business is definitely going to be seen in the coming time.
Keeping this reason of management business in mind, the company is gradually transforming its business towards Renewable Energy and has also started setting up many EV Charging stations at different locations in the country in collaboration with the company’s Subsidiary HPCL. Looking at this transformation of ONGC’s business, it has full potential to show good performance in future.
Considering the growing business opportunities in the long run ONGC Share Price Target 2030 There is every possibility of giving very good returns to the shareholders and showing the share price around Rs 600.
ONGC Share Price Target 2023, 2024, 2025, 2026, 2030 Table
| Year | ONGC share price target |
|---|---|
| First Target 2023 | Rs 185 |
| Second Target 2023 | Rs 190 |
| First Target 2024 | Rs 220 |
| Second Target 2024 | Rs 230 |
| First Target 2025 | Rs 250 |
| Second Target 2025 | Rs 270 |
| First Target 2026 | Rs 300 |
| Second Target 2026 | Rs 330 |
| Target 2030 | Rs 600 |
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Future of ONGC Share
Looking at the future, it does not appear to be a good time at all to invest in ONGC shares. However, in a short period of time, there may be a slight increase in the share price along with small gains in the company’s business, but unless the company is successful in successfully adapting its business to the future, there will be growth in the business. Not going to be seen.
However, if seen, the management of the company seems to be continuously investing huge amounts of money to transform its business in the future, it can be expected that the company will definitely see its benefits in the long run. .
Also, ONGC also pays a good amount of dividend to the shareholders every year, if you want to earn good returns from dividends with stable returns, then you can definitely look at investing in ONGC Shares.
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Risk of ONGC Share
If we look at the biggest risk in ONGC Share, then the future of the company is looking uncertain due to the fact that the company’s business is mostly related to oil and gas business. If in the coming time, ONGC does not seem to be able to transfer its business. So bad effects are going to be seen in business.
Second risk: Being a government company, despite many decisions being taken in the interest of the company, the management has to face many difficulties in implementing those decisions, due to which in the long run the business of the company lags behind the other competing companies. The danger is visible.
my opinion:-
Of course, due to the good experience and hard work of the management over a long period of time, ONGC has the full potential to bring the business to a better performance, but for this the management still has a lot of work to do in the business. If you are a long-term investor, then investing in this stock does not seem to be a good investment decision at all in my view. But remember, before taking any investment decision, do not forget to do your own analysis or take the help of your financial advisor.
ONGC Share FAQ
– How will ONGC share be in terms of future?
If we look at ONGC’s business in the future, there seems to be a huge opportunity, but the future of ONGC Share is going to depend on what kind of decisions the management takes to expand its business.
– When would it be right to buy ONGC Shares?
If you want to invest in ONGC shares for a long time, then you should keep in mind how the company is seen performing in its future business. When gradually you see improvement in the performance of this business, then you can invest a little bit. You can think about doing.
– Is ONGC a debt free company?
There is a huge debt burden on the company, however, being a government company, it can be ignored.
hope you ONGC Share Price Target 2023, 2024, 2025, 2026, 2030 After reading the article, you would have got information about how the company’s performance is expected to be in the future. If you still have any question related to this article then do not forget to ask in the comment. For detailed information about such stocks in the stock market, you can also read our other articles.
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