ONGC Share Price Target 2024-2050: Long-term Forecast & Analysis

ONGC is India’s largest profit-making Central Public Sector Undertaking (PSU). The company is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

This detailed post will explore ONGC’s share price targets from 2024 to 2050. We will use various technical analysis approaches to provide long-term forecasts and predict targets up to 2050.

Overview of ONGC Limited

Oil and Natural Gas Corporation Limited (ONGC) is a Maharatna-level central public sector undertaking (PSU) under the Government of India. As the country’s largest state-owned oil and gas explorer and producer, ONGC is responsible for approximately 70% of India’s domestic crude oil production and 84% of its natural gas output. The company holds the distinction of being India’s most profitable central PSU. Globally, ONGC is recognized as a leading energy company, ranking 25th among the top 250 energy businesses according to Platts.

Company Name	ONGC Limited
Industry	Energy: Oil and gas
Founded	1956
Country	India
Official Website	www.ongcindia.com

ONGC Share Price Targets: 2024 to 2050 Snapshot

Projected ONGC share price targets are estimated to reach ₹360 in 2024, ₹404 in 2025, ₹449 in 2026, ₹493 in 2027, ₹537 in 2028, ₹607 in 2029, ₹729 in 2030, ₹4,069 in 2040, and ₹22,710 by 2050.

Year	Minimum Price	Maximum Price
2024	₹ 340	₹ 360
2025	₹ 359	₹ 404
2026	₹ 404	₹ 449
2027	₹ 448	₹ 493
2028	₹ 494	₹ 537
2029	₹ 539	₹ 607
2030	₹ 608	₹ 729
2035	₹ 1,414	₹ 1,723
2040	₹ 3,289	₹ 4,069
2050	₹ 17,804	₹ 22,710

2024: Minimum Price ₹340, Maximum Price ₹360

In 2024, the share price is projected to have a modest growth, with the minimum expected price being ₹340 and the maximum reaching ₹360. This suggests a stable market with limited fluctuations, reflecting steady but cautious investor confidence.

2025: Minimum Price ₹359, Maximum Price ₹404

By 2025, the share price is anticipated to see a noticeable increase, with the minimum price forecasted at ₹359 and the maximum at ₹404. This growth indicates improving market conditions and stronger investor sentiment, potentially driven by positive company performance or favorable economic factors.

2026: Minimum Price ₹404, Maximum Price ₹449

In 2026, the share price is expected to continue its upward trajectory, with a minimum price of ₹404 and a maximum of ₹449. The increase in both the minimum and maximum prices suggests sustained growth, likely due to the company’s solid financial performance and increased market demand.

2027: Minimum Price ₹448, Maximum Price ₹493

For 2027, the share price target is set between ₹448 and ₹493, reflecting further growth. This consistent rise indicates that the company is likely benefiting from strategic initiatives, expanding its market share, or capitalizing on industry trends.

2028: Minimum Price ₹494, Maximum Price ₹537

The year 2028 is projected to see continued growth in the share price, with the minimum expected at ₹494 and the maximum at ₹537. This suggests that the company is maintaining its growth momentum, possibly through innovation, expansion, or strong market positioning.

2029: Minimum Price ₹539, Maximum Price ₹607

In 2029, the share price is expected to break through the ₹600 mark, with a minimum of ₹539 and a maximum of ₹607. This significant increase indicates a robust market performance, with the company likely experiencing strong revenue growth or benefiting from positive industry dynamics.

2030: Minimum Price ₹608, Maximum Price ₹729

The year 2030 marks a substantial leap in the share price, with targets set between ₹608 and ₹729. This indicates a phase of accelerated growth, possibly due to major strategic successes, significant market expansion, or technological advancements that have enhanced the company’s competitive edge.

2035: Minimum Price ₹1,414, Maximum Price ₹1,723

By 2035, the share price is expected to more than double, with a minimum target of ₹1,414 and a maximum of ₹1,723. This dramatic increase suggests a major transformation or breakthrough for the company, leading to substantial value creation and heightened investor confidence.

2040: Minimum Price ₹3,289, Maximum Price ₹4,069

In 2040, the share price is projected to experience another exponential rise, with targets between ₹3,289 and ₹4,069. This indicates that the company has likely solidified its position as a leader in its industry, with significant market influence and sustained high growth.

2050: Minimum Price ₹17,804, Maximum Price ₹22,710

By 2050, the share price is expected to skyrocket to a range between ₹17,804 and ₹22,710. This massive growth reflects the company’s long-term success, possibly becoming a dominant force in the global market, with exceptional financial health and an extensive market presence.

ONGC Share Price Target 2024

If we look at the monthly forecast share price of ONGC Limited, the bullish sentiment is likely to continue. According to technical data, by the end of this year, the share price for ONGC is expected to reach a maximum of ₹360.

Months	Minimum Price	Maximum Price
September 2024	₹ 340	₹ 347
October 2024	₹ 347	₹ 353
November 2024	₹ 352	₹ 353
December 2024	₹ 354	₹ 360

● The initial price target for ONGC Limited in 2024 is estimated to be ₹347
● However, by the end of 2024, the price target is expected to rise, potentially reaching ₹360 due to bullish market trends.

ONGC Share Price Target 2025

Based on technical data, the minimum target share price for ONGC is anticipated to be ₹368 with a maximum potential value of ₹404 per share.

Months	Minimum Price	Maximum Price
January 2025	₹ 359	₹ 368
February 2025	₹ 367	₹ 371
March 2025	₹ 370	₹ 373
April 2025	₹ 373	₹ 379
May 2025	₹ 379	₹ 383
June 2025	₹ 382	₹ 385
July 2025	₹ 384	₹ 388
August 2025	₹ 383	₹ 388
September 2025	₹ 384	₹ 392
October 2025	₹ 391	₹ 397
November 2025	₹ 397	₹ 398
December 2025	₹ 399	₹ 404

● The initial price target for ONGC Limited in 2025 is estimated to be ₹368.
● With favorable market conditions, the mid-year price target for ONGC Ltd. could reach ₹385.
● However, by the end of 2025, the price target is expected to reach ₹404 considering bullish market trends.

ONGC Share Price Target 2026

Based on technical data, the minimum target share price for ONGC is anticipated to be ₹413 with a maximum potential value of ₹449 per share.

Months	Minimum Price	Maximum Price
January 2026	₹ 404	₹ 413
February 2026	₹ 412	₹ 415
March 2026	₹ 415	₹ 417
April 2026	₹ 417	₹ 423
May 2026	₹ 423	₹ 428
June 2026	₹ 427	₹ 429
July 2026	₹ 428	₹ 432
August 2026	₹ 428	₹ 433
September 2026	₹ 429	₹ 436
October 2026	₹ 436	₹ 442
November 2026	₹ 442	₹ 443
December 2026	₹ 443	₹ 449

● The initial price target for ONGC Limited in 2026 is estimated to be ₹413.
● With favorable market conditions, the mid-year price target for ONGC Ltd. could reach ₹429.
● However, by the end of 2026, the price target is expected to reach ₹449 considering bullish market trends.

ONGC Share Price Target 2027

Based on technical data, the minimum target share price for ONGC is anticipated to be ₹457 with a maximum potential value of ₹493 per share.

Months	Minimum Price	Maximum Price
January 2027	₹ 448	₹ 457
February 2027	₹ 457	₹ 460
March 2027	₹ 459	₹ 462
April 2027	₹ 462	₹ 468
May 2027	₹ 469	₹ 473
June 2027	₹ 472	₹ 474
July 2027	₹ 473	₹ 477
August 2027	₹ 472	₹ 477
September 2027	₹ 473	₹ 481
October 2027	₹ 480	₹ 486
November 2027	₹ 486	₹ 488
December 2027	₹ 487	₹ 493

● The initial price target for ONGC Limited in 2027 is estimated to be ₹457.
● With favorable market conditions, the mid-year price target for ONGC Ltd. could reach ₹474.
● However, by the end of 2027, the price target is expected to reach ₹493 considering bullish market trends.

ONGC Share Price Target 2028

Based on technical data, the minimum target share price for ONGC is anticipated to be ₹502 with a maximum potential value of ₹537 per share.

Months	Minimum Price	Maximum Price
January 2028	₹ 494	₹ 502
February 2028	₹ 501	₹ 505
March 2028	₹ 504	₹ 506
April 2028	₹ 508	₹ 513
May 2028	₹ 513	₹ 517
June 2028	₹ 516	₹ 519
July 2028	₹ 518	₹ 522
August 2028	₹ 517	₹ 522
September 2028	₹ 518	₹ 525
October 2028	₹ 526	₹ 532
November 2028	₹ 531	₹ 532
December 2028	₹ 532	₹ 537

● The initial price target for ONGC Limited in 2028 is estimated to be ₹502.
● With favorable market conditions, the mid-year price target for ONGC Ltd. could reach ₹519.
● However, by the end of 2028, the price target is expected to reach ₹537 considering bullish market trends.

ONGC Share Price Target 2029

Based on technical data, the minimum target share price for ONGC is anticipated to be ₹547 with a maximum potential value of ₹607 per share.

Months	Minimum Price	Maximum Price
January 2029	₹ 539	₹ 547
February 2029	₹ 546	₹ 550
March 2029	₹ 549	₹ 551
April 2029	₹ 552	₹ 558
May 2029	₹ 558	₹ 562
June 2029	₹ 561	₹ 563
July 2029	₹ 562	₹ 567
August 2029	₹ 565	₹ 566
September 2029	₹ 574	₹ 576
October 2029	₹ 584	₹ 586
November 2029	₹ 594	₹ 596
December 2029	₹ 605	₹ 607

● The initial price target for ONGC Limited in 2029 is estimated to be ₹547.
● With favorable market conditions, the mid-year price target for ONGC Ltd. could reach ₹563.
● However, by the end of 2029, the price target is expected to reach ₹607 considering bullish market trends.

ONGC Share Price Target 2030

Based on technical data, the minimum target share price for ONGC is anticipated to be ₹614 with a maximum potential value of ₹729 per share.

Months	Minimum Price	Maximum Price
January 2030	₹ 608	₹ 614
February 2030	₹ 615	₹ 622
March 2030	₹ 624	₹ 630
April 2030	₹ 632	₹ 639
May 2030	₹ 641	₹ 649
June 2030	₹ 651	₹ 659
July 2030	₹ 661	₹ 669
August 2030	₹ 672	₹ 681
September 2030	₹ 683	₹ 692
October 2030	₹ 695	₹ 704
November 2030	₹ 707	₹ 716
December 2030	₹ 719	₹ 729

● The initial price target for ONGC Limited in 2030 is estimated to be ₹614.
● With favorable market conditions, the mid-year price target for ONGC Ltd. could reach ₹659.
● However, by the end of 2030, the price target is expected to reach ₹729 considering bullish market trends.

ONGC Share Price Target 2035

Based on technical data, the minimum target share price for ONGC is anticipated to be ₹1450 with a maximum potential value of ₹1723 per share.

Months	Minimum Price	Maximum Price
January 2035	₹ 1,414	₹ 1,450
February 2035	₹ 1,432	₹ 1,470
March 2035	₹ 1,451	₹ 1,489
April 2035	₹ 1,471	₹ 1,510
May 2035	₹ 1,492	₹ 1,533
June 2035	₹ 1,515	₹ 1,557
July 2035	₹ 1,538	₹ 1,582
August 2035	₹ 1,563	₹ 1,608
September 2035	₹ 1,589	₹ 1,635
October 2035	₹ 1,616	₹ 1,663
November 2035	₹ 1,645	₹ 1,692
December 2035	₹ 1,674	₹ 1,723

● The initial price target for ONGC Limited in 2035 is estimated to be ₹1450.
● With favorable market conditions, the mid-year price target for ONGC Ltd. could reach ₹1557.
● However, by the end of 2035, the price target is expected to reach ₹1723 considering bullish market trends.

ONGC Share Price Target 2040

Based on technical data, the minimum target share price for ONGC is anticipated to be ₹3426 with a maximum potential value of ₹4069 per share.

Months	Minimum Price	Maximum Price
January 2040	₹ 3,289	₹ 3,426
February 2040	₹ 3,332	₹ 3,472
March 2040	₹ 3,376	₹ 3,519
April 2040	₹ 3,422	₹ 3,568
May 2040	₹ 3,472	₹ 3,621
June 2040	₹ 3,524	₹ 3,677
July 2040	₹ 3,579	₹ 3,736
August 2040	₹ 3,638	₹ 3,798
September 2040	₹ 3,698	₹ 3,861
October 2040	₹ 3,761	₹ 3,928
November 2040	₹ 3,827	₹ 3,997
December 2040	₹ 3,894	₹ 4,069

● The initial price target for ONGC Limited in 2040 is estimated to be ₹3426.
● With favorable market conditions, the mid-year price target for ONGC Ltd. could reach ₹3677.
● However, by the end of 2040, the price target is expected to reach ₹4069 considering bullish market trends.

ONGC Share Price Target 2050

Based on technical data, the minimum target share price for ONGC is anticipated to be ₹19,123 with a maximum potential value of ₹22,710 per share.

Months	Minimum Price	Maximum Price
January 2050	₹ 17,804	₹ 19,123
February 2050	₹ 18,035	₹ 19,375
March 2050	₹ 18,275	₹ 19,637
April 2050	₹ 18,525	₹ 19,912
May 2050	₹ 18,794	₹ 20,210
June 2050	₹ 19,076	₹ 20,524
July 2050	₹ 19,375	₹ 20,852
August 2050	₹ 19,691	₹ 21,196
September 2050	₹ 20,018	₹ 21,550
October 2050	₹ 20,358	₹ 21,923
November 2050	₹ 20,715	₹ 22,307
December 2050	₹ 21,079	₹ 22,710

● The initial price target for ONGC Limited in 2050 is estimated to be ₹19,123.
● With favorable market conditions, the mid-year price target for ONGC Ltd. could reach ₹20,524.
● However, by the end of 2050, the price target is expected to reach ₹22,710 considering bullish market trends.

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Recommendations: Invest in ONGC Limited stock or sell it?

Investing in a company with strong financial performance, robust cash flow, steady growth, and a solid industry reputation is a wise choice. ONGC exemplifies these qualities as a Maharatna public sector enterprise. It stands out as one of the most financially stable and highest dividend-paying companies, offering an attractive dividend yield of 3.72% at its current price.

We view ONGC as a compelling investment opportunity for both medium-term and long-term horizons. For those seeking steady and reliable income, ONGC is a sound investment, with minimal risk to capital. However, it’s important to note that while ONGC is a secure choice, it is unlikely to deliver explosive growth or become a multi-bagger shortly, despite ongoing efforts to enhance and expand the company’s operations.

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