Ongc Share Price Target 2022 , 2023 , 2024 , 2025 & 2030

ONGC Share Price Target The company reported net income after tax of Rs 6,242.23 in the recent quarter. The share price of ONGC has remained below the benchmark in the last four years due to decline in domestic oil and gas production.

Oil and Natural Gas Corporation Limited’s ONGC forecast till tomorrow, November 24, 2021, shows signs of growth. The share price of ONGC has remained below the benchmark in the last four years due to decline in domestic oil and gas production.

The time period specified by the analyst is one year during which Oil and Natural Gas Corporation Ltd price may achieve a specific target.

Increase in gas prices and rise in Brent crude oil prices (already at $67/bbl in March 2021, up 50% over Q3 FY21) contribute 9% CAGR to ONGC and ILO -14% on FY21 23E should do. These movements and forecast of Oil and Natural Gas Corporation Limited (ONGC) are for tomorrow’s session only.

ONGC share price target

On January 20, 2018, ONGC entered into a share purchase and sale agreement with the Government of India to acquire 51.11% of HPCL, which has a strong position in refining and marketing of petroleum products in the country.

On February 12, 2018, ONGC announced that an Indian consortium led by ONGC Videsh, a wholly owned subsidiary of BPRL and IOCL and an overseas division, has acquired a 10% stake in the ADNOC Group-owned Lower Jakum offshore concession for 40 euros. signed an agreement to acquire. , from 2018 to 2057.

Maharatna Oil and Natural Gas Corporation (ONGC) is India’s largest oil and natural gas company, accounting for about 75% of India’s national production.

Also, ONGC Videsh has signed Major Agreements (HOA) with PVEP for mutual exploration cooperation in PVEP Blocks 102/10 and 106/10 and ONGC Videsh Block 128 offshore Vietnam, due diligence and negotiating terms of partnership. is subjected to.

This, along with a possible increase in natural gas prices, could further increase productivity.

Oil and natural gas share prices are on an upward trend, so we believe similar market segments have been very popular over a period of time.

The rise in oil and gas prices is expected to increase net revenue by oil producers – the price received after subsidies. The company’s area of ​​activity covers various sectors such as oil field services, transportation of oil and natural gas, as well as production of value-added products such as liquefied petroleum gas (LPG), naphtha, refining, petrochemicals, energy, alternative and alternative products. energy source. The stocks have also outperformed the Nifty 50 and BSE Oil & Gas index in recent months. Emkay Global estimates that for every US$ 1/Btu Btu change in the price of managed gas, ONCG and OIL’s earnings per share for FY23 will grow by 28.7% and 10.9%, respectively.

Here you will get the target price for the day and tomorrow for the shares of ONGC. ONGC’s Daman project commenced on 20 August 2016 with the commencement of natural gas production from its first C24-P4 #3 well.

Due to low production growth on a sustainable basis, despite low valuations, the brokerage discourages long-term investors from adding shares as they gamble on commodity prices.

ONGC share price target 2022, 2023, 2024, 2025 and 2030

ONGC Stock Price Forecast or Target-Use Camarilla Equation To check ONGC Stock Price Forecast Intraday, Tomorrow and Short-term Use Camarilla Equation.

ONGC is also expected to benefit from the increase of 12 million cubic meters in natural gas production. If crude oil prices remain below US$80 a barrel, we do not expect to provide any burden-sharing subsidies to extractive companies.

ONGC Short Term Trading Stock Price Prediction – Using Simple Moving Average of SMA Indicator is a powerful indicator for short term trading.

Considering the significant rebound in crude oil prices in FY21, we expect further growth in this segment in the coming quarters. Our target price has been revised to INR 860 as we price the stock at June 28x-23E per share.

As a result, management lowered the oil and gas forecast for the 22nd fiscal to 22 million tonnes/22 billion cubic meters (up from 23 million tonnes/25 billion cubic meters earlier).

Increase in gas prices and a possible improvement in the demand scenario should lead to further increase in productivity. A fall in the spot price of LNG, a significant increase in demand and a sharp increase in gas supply in the domestic market should encourage profit and increase in costs for gas utilities. For more details refer ONGC fact sheet and quarterly results.

This indicator helps the trader to estimate the stock price and trade accordingly. The latest news is gathered from a variety of sources and can have a positive or negative impact on stock prices in the short term. Also, this could lead to a potential increase of more than 21-27 per cent in the share price of our top companies GAIL, GSPL and GGL.

OilNatural’s trend this month is positive, meaning OilNatural’s targeted forecast is more likely to rise. OilNatural’s trend this week is positive, meaning OilNatural’s target forecast is more likely to rise. The company reported net income after tax of Rs 6,242.23 in the most recent quarter.

Currently, there appears to be a trend in which stocks in this sector(s) have been popular during this period. The consortium is likely to include other Indian state-owned companies, but it will take some time to reach a final agreement.

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