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

Ongc Share Price Target The company reported a net income after tax of Rs 6,242.23 in the most recent quarter. ONGC’s share price has been below benchmarks over the past four years due to declining domestic oil and gas production.

Oil & Natural Gas Corporation Limited’s ONGC forecast for tomorrow, as of November 24, 2021, shows signs of growth. ONGC’s share price has been below benchmarks over the past four years due to declining domestic oil and gas production.

The time period specified by the analyst is one year during which the price of Oil And Natural Gas Corporation Ltd. can achieve a specific goal.

The rise in gas prices and the rise in Brent crude oil prices (already at $67 / bbl in March 2021, up 50% compared to Q3 FY21) should contribute 9% CAGR to ONGC and the ILO -14% over FY21 23E. These Movement and Oil & Natural Gas Corporation Limited (ONGC) forecasts 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 the refining and marketing of petroleum products in the country. On February 12, 2018, ONGC announced that an Indian consortium led by a wholly owned subsidiary and foreign division of ONGC Videsh, BPRL and IOCL signed an agreement to acquire a 10% stake in the Lower Zakum offshore concession owned by ADNOC Group for 40 euros. from 2018 to 2057. Maharatna Oil and Natural Gas Corporation (ONGC) is the largest oil and natural gas company in India, accounting for about 75% of India’s national production. At the same time, 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, subject to due diligence and negotiation of terms of participation. Read more Adani Transmission Share Price 2022 This, coupled with a possible rise in natural gas prices, could further increase productivity. Oil and natural gas share prices are on the upward trend, so we believe that similar market segments have been very popular over a period of time. The rise in oil and gas prices is expected to result in an increase in net revenue – the price received after subsidies – by oil producers. The company’s field of activity includes various fields such as oilfield services, transportation of oil and natural gas, as well as the production of value-added products such as liquefied petroleum gas (LPG), naphtha, refining, petrochemicals, energy, alternative and alternative energy sources. In recent months, stocks have even surpassed the Nifty 50 and BSE Oil & Gas indices. Emkay Global estimates that for every US$ 1 / Btu Btu change in managed gas price, ONCG and OIL earnings per share for fiscal 23 will move 28.7% and 10.9%, respectively.

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

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

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

ONGC stock price forecast or target-use Camarilla equation to check ONGC stock price forecast intraday, tomorrow and short-term use Camarilla equation.

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

ONGC short-term trading stock price prediction-using the simple moving average of the SMA indicator is a powerful indicator for short-term trading.

Given the significant rebound in crude oil prices in fiscal 21, we expect further growth in this segment in the coming quarters. Our target price has been revised to INR 860 as we value the stock at June 28x-23E per share.

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

An upward revision of gas prices and a possible improvement in the demand scenario should further increase productivity. A decline in the spot price of LNG, a significant increase in demand and a sharp increase in gas supply in the domestic market should stimulate the growth of profits and the cost of gas utilities. For more information, see the ONGC Fact Sheet and Quarterly Results.

This indicator helps the trader to predict the stock price and trade accordingly. The latest news is collected from a variety of sources and can have a positive or negative impact on stock prices in the short term. In addition, this should lead to a potential increase in the share price of more than 21-27% for our top companies GAIL, GSPL and GGL.

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

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Currently, there seems 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 before a final agreement is reached.

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