ONGC Share Price Target From 2024 to 2030: Oil and Natural Gas Corporation Limited (ONGC) is India’s largest crude oil and herbal fuel organization, contributing round 71% of India’s fashionable crude oil manufacturing and 84% of its herbal gasoline manufacturing. As a public region assignment, ONGC plays a critical role in making sure power safety for the kingdom. Given the strategic importance of ONGC within the strength location and its big operations, statistics its destiny percent charge trajectory is crucial for investors. This analysis delves into ONGC’s percentage price goals from 2024 to 2030, considering the organization’s monetary metrics, marketplace regular normal overall performance, and institutional dynamics.
Current Performance and Market Indicators For ONGC Share Price
Here’s a pinnacle stage view of the important thing economic metrics for ONGC as of the contemporary-day-day buying and selling information:
- Open Price: ₹291.30
- High Price: ₹293.65
- Low Price: ₹289.50
- Current Price: ₹291.95
- Market Capitalization: ₹3.67Lakh Crore
- P/E Ratio: 8.16
- Dividend Yield: 4.20%
- 52-Week High: ₹345.00
- 52-Week Low: ₹179.90
- Price Change Over the Past Year: +59.32% (₹108.70 growth)
ONGC has exhibited strong common performance over the past yr, with its stock appreciating through 59.32%, reflecting strong investor sentiment and an quality outlook at the business organisation’s destiny. The P/E ratio of 8.16 shows that the stock within reason priced relative to its earnings, at the same time as a dividend yield of 4.10% makes it an attractive possibility for profits-centered traders. The marketplace capitalization of ₹3.67 lakh crore underscores ONGC’s importance within the Indian stock marketplace.
Institutional and Retail Holdings For ONGC Share Price
The shareholding sample for ONGC as of June 2024 is as follows:
- Promoters: 58.89%
- Retail and Others: 13.79%
- Other Domestic Institutions: 11.44%
- Foreign Institutional Investors (FII): 8.57%
- Mutual Funds: 7.31%
Key modifications in institutional holdings at some point of the June 2024 vicinity include:
- Promoters’ Holding: Remains unchanged at 58.89%.
- FII/FPI Holdings: Decreased from 8.88% to 8.57%, no matter an growth within the number of FII/FPI buyers from 856 to 880.
- Mutual Fund Holdings: Slightly decreased from 7.35% to 7.31%, with the style of mutual fund schemes reducing from 41 to 35.
- Total Institutional Holdings: Decreased from 38.06% to 37.60%.
The unchanged promoter preserving indicates sturdy self perception from the authorities, the number one shareholder. Although there has been a minor decline in institutional holdings, the increase inside the wide fashion of FII/FPI purchasers indicates continued hobby in ONGC’s capacity for increase.
ONGC Share Price Targets for 2024 to 2030
Based at the contemporary financial information, market tendencies, and growth capability, right here are the projected percentage rate objectives for ONGC from 2024 to 2030:
| Year | Share Price Target |
| 2024 | ₹363 |
| 2025 | ₹413 |
| 2026 | ₹550 |
| 2027 | ₹689 |
| 2028 | ₹731 |
| 2029 | ₹780 |
| 2030 | ₹870 |
ONGC Share Price 2024: Target Price – ₹363
The ONGC Share Price in 2024 is projected at ₹363. This purpose shows expectations of steady increase driven with the useful resource of solid crude oil prices, multiplied fuel manufacturing, and enlargement in domestic and global exploration sports. Additionally, the government’s endured reputation on electricity safety and infrastructure improvement is anticipated to help ONGC’s standard overall performance within the close to time period.
ONGC Share Price 2025: Target Price – ₹413
By 2025, ONGC Share Price is expected to obtain ₹413. The reason is based totally mostly on expected growth in natural gasoline production, higher exploration sports activities activities in each domestic and remote places markets, and strategic partnerships to enhance its energy portfolio. The agency’s consciousness on operational overall performance, price bargain, and investment in new technology will likely force income increase and profitability.
ONGC Share Price2026: Target Price – ₹550
In 2026, the ONGC Share Price is projected to be ₹550. This target assumes persisted boom in the oil and gas place, with ONGC making the most of its various portfolio and strategic investments in renewable electricity. The corporation’s efforts to increase production from its mature fields and expand new reserves will in all likelihood contribute definitely to its economic everyday average performance.
ONGC Share Price 2027: Target Price – ₹689
The projected ONGC Share Price in 2027 is ₹689. This intention indicates the agency’s ongoing expansion in its refining and petrochemical segments, that are anticipated to feature big rate. Furthermore, ONGC’s investments in offshore and deepwater exploration, mainly in the Krishna-Godavari basin, are expected to beautify its production abilties and contribute to regular boom.
ONGC Share Price 2028: Target Price – ₹731
For 2028, the ONGC Share Price goal is about at ₹731. This forecast is primarily based absolutely at the company’s persisted popularity on renewable energy, in particular in areas like wind and sun electricity, which can be anticipated to diversify its power portfolio. Additionally, ONGC’s efforts to enhance its fuel manufacturing capability and amplify its liquefied natural gasoline (LNG) enterprise will likely make more potent its marketplace role and manual fee boom.
ONGC Share Price 2029: Target Price – ₹780
The ONGC Share Price intention for ONGC in 2029 is projected at ₹780. This growth projection is pushed through the expected increase in worldwide oil fees, coupled with ONGC’s strategic projects to beautify operational usual performance and decrease carbon emissions. The organisation’s investments in generation and virtual transformation are predicted to enhance productivity, reduce fees, and enhance shareholder cost.
ONGC Share Price 2030: Target Price – ₹870
By 2030, ONGC’s percent rate intention is set at ₹870. This long-term goal assumes that ONGC will correctly navigate the disturbing situations posed with the resource of the worldwide strength transition, regulatory adjustments, and marketplace opposition. The corporation’s interest on developing its presence inside the renewable electricity location, improving operational overall performance, and enhancing its digital competencies will probably power sustained boom over the long time.
Key Factors Influencing ONGC Share Price
- Crude Oil and Natural Gas Prices for ONGC Share Price: ONGC’s profitability is carefully associated with worldwide crude oil and herbal gas prices. Fluctuations in these prices can extensively impact the company’s income and income.
- Exploration and Production Activities for ONGC Share Price: The fulfillment of ONGC’s exploration and production sports activities, every domestically and internationally, may be a vital determinant of its future boom possibilities.
- Government Policies For ONGC Share Price: As a government-owned company, ONGC’s operations are delivered approximately by way of using the use of regulatory guidelines, tax incentives, subsidies, and import/export regulations.
- Energy Transition For ONGC Share Price: ONGC’s potential to adapt to the worldwide shift towards renewable energy and decrease its carbon footprint will play a key function in shaping its lengthy-time period boom trajectory.
- Operational Efficiency For ONGC Share Price: ONGC’s efforts to enhance operational overall performance, reduce fees, and decorate deliver chain management will notably impact its monetary normal overall performance.
- Institutional Investor Sentiment For ONGC Share Price: Changes in institutional holdings, particularly through FIIs and mutual price variety, will have an impact on ONGC’s percentage price. An boom in institutional holdings frequently indicates extremely good marketplace sentiment, on the equal time as a decrease may also moreover endorse decreased self guarantee.
FAQs For ONGC Share Price
Q1: What is the projected ONGC Share Price for 2024?
A: The projected share price goal for ONGC in 2024 is ₹363, reflecting robust growth possibilities primarily based on contemporary-day market situations and operational performance.
Q2: Why is ONGC taken into consideration an superb funding opportunity?
A: ONGC is taken into consideration a very good investment due to its dominant function within the Indian oil and gas location, steady dividend yield, huge exploration and production portfolio, and investments in renewable energy.
Q3: What elements have to have an impact on ONGC’s percent rate growth?
A: Factors that would have an impact on ONGC’s percent charge increase embody fluctuations in worldwide crude oil and herbal fuel fees, government guidelines, exploration achievement, and the employer’s functionality to comply to the power transition.
Q4: What is the ONGC Share Price by using 2030?
A: The share fee goal for ONGC through 2030 is ₹870, driven with the resource of sustained growth, marketplace increase, diversification into renewables, and technological innovation.
Q5: How have institutional traders reacted to ONGC’s overall performance?
A: As of June 2024, institutional clients have barely decreased their holdings in ONGC. However, the quantity of FII/FPI shoppers has stepped forward, indicating sustained hobby in the enterprise’s ability.
ONGC is properly-placed to gain from favorable marketplace conditions, authorities manual, and its strategic responsibilities to enhance operational performance, amplify its renewable strength portfolio, and find out new increase possibilities within the oil and gas area. The projected percentage fee goals from 2024 to 2030 reflect the corporation’s capability to leverage its strengths and navigate the disturbing situations posed through manner of the global power transition. While risks stay, ONGC’s strong market function, superb experience, and resolution to innovation make it a compelling funding for extended-time period boom.
