ONGC (Large Cap - Next Multibagger) Share Target 2024, 2025 To 2039
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Oil and Natural Gas Corporation Limited |
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Price: ₹237.10 | ||
| 52 Week Low: ₹200.95 52 Week High: ₹345.00 |
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| Market Capital: 3,33,693.13 Crore (Largecap) | |||
| Energy -> Oil & Gas Integrated | |||
Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: ONGC Share Price Target For 2024
- 1.1.1: ONGC Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: ONGC Share Price Target For 2025
- 1.2.1: ONGC Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: ONGC Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: ONGC Brief Company Overview
- 4: ONGC Financial Performance
- 4.0.1: Is ONGC A Good Buy For Long Term?
To predict the ONGC's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
ONGC Share Price Target For 2024
The line chart displays the monthly closing prices of ONGC with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for ONGC shares in 2024, see the table below.
ONGC Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 249.0 (+5.01%) | Price Action: 14 Nov 2024 Low |
| 2024 Target 2 | 246.5 (+3.96%) | Price Action: 17 Dec 2024 Low |
| 2024 Target 1 | 243.4 (+2.65%) | Price Action: 18 Dec 2024 Low |
| Current Price | 237.10 | ONGC's share price as of 20 Dec 2024 |
| Stop Loss 1 | 234.29 (-1.19%) | Price Action: Feb 2024 Low |
| Stop Loss 2 | 231.95 (-2.18%) | Price Action: Chart |
| Stop Loss 3 | 227.78 (-3.94%) | Fibonacci Retracement Level 28.20% |
Short-Term Technical Outlook
Current Technical Position: ONGC is displaying bearish momentum trading below key moving averages.
Key Technical Level: The 25-day moving average at ₹252.7 serves as the nearest technical reference point.
Historical Returns: 3-month: -18.37% | 6-month: -10.72% | 1-year: +21.14%
ONGC Share Price Target For 2025
The line chart displays the monthly closing prices of ONGC with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for ONGC shares in 2025, see the table below.
ONGC Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 343.89 (+45.04%) | Price Action: Chart |
| 2025 Target 2 | 337.48 (+42.33%) | Price Action: Chart |
| 2025 Target 1 | 334.14 (+40.92%) | Fibonacci Extension Level 100.00% |
| Current Price | 237.10 | ONGC's share price as of 20 Dec 2024 |
| Stop Loss 1 | 202.36 (-14.66%) | Price Action: Dec 2023 High |
| Stop Loss 2 | 200.34 (-15.51%) | Price Action: Chart |
| Stop Loss 3 | 196.73 (-17.03%) | Price Action: Chart |
Long-Term Technical Outlook
52-Week Range Analysis: ONGC is currently trading at 25.1% of its 52-week range (₹200.95 - ₹345).
Long-Term Trend Analysis: The stock is in a bearish long-term trend, trading below key long-term moving averages.
Long-Term Performance: 1-year: +21.14% | 3-year: +100.92% | 5-year: +155.63%
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Approach 2: Machine Learning By Studying Historical Prices
ONGC Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹237.10 | ||
| 2024 | ₹279.77 | +18.00% | ₹283.97 |
| 2025 | ₹327.02 | +16.89% | ₹363.65 |
| 2026 | ₹400.57 | +22.49% | ₹420.50 |
| 2027 | ₹477.35 | +19.17% | ₹484.51 |
| 2028 | ₹471.71 | -1.18% | ₹478.79 |
| 2029 | ₹466.39 | -1.13% | ₹534.19 |
| 2030 | ₹519.48 | +11.38% | ₹591.04 |
| 2031 | ₹611.49 | +17.71% | ₹647.89 |
| 2032 | ₹704.74 | +15.25% | ₹715.31 |
| 2033 | ₹676.88 | -3.95% | ₹687.03 |
| 2034 | ₹653.00 | -3.53% | ₹761.59 |
| 2035 | ₹711.93 | +9.02% | ₹818.44 |
| 2036 | ₹822.41 | +15.52% | ₹875.28 |
| 2037 | ₹932.13 | +13.34% | ₹946.11 |
| 2038 | ₹882.04 | -5.37% | ₹907.11 |
| 2039 | ₹855.18 | -3.05% | ₹988.98 |
Note: Target 1 and Target 2 represent price levels that the stock is most likely to achieve during the respective year, based on machine learning algorithms analyzing historical price patterns and market behavior. These predictions are generated through comprehensive analysis of the stock's historical data using advanced ML models.
ONGC Brief Company Overview
Oil and Natural Gas Corporation Limited (ONGC): A Corporate Overview Key Highlights ONGC is India's largest oil and gas exploration and production company. It has a presence in over 20 countries and has a significant role in fulfilling India's energy needs. With an...
established history of over three decades, ONGC is committed to responsible and sustainable operations. Diverse Product Range: - Crude oil and natural gas - Petroleum products: refining and marketing - Liquefied petroleum gas, butane, ethane/propane, naphtha, kerosene oil, low sulphur heavy stock, aviation turbine fuel, mineral turpentine oil, carbon credits, diesel. - Renewable energy: wind and solar power generation.ONGC Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 3,33,693.13 Crore | Market valuation of ONGC's shares. |
| Revenue (TTM) | 6,45,790.17 Crore | Total revenue generated by ONGC over the past twelve months. |
| Net Income (TTM) | +445,134,012,416.00 | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | +8.23% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +6.89% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
+1.70% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) |
-29.70% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio |
41.95 | Company's total debt divided by total shareholder equity. |
| Total Debt | 1,53,180.53 Crore | Sum of ONGC's current & long-term financial obligations. |
| Total Cash | 42,069.84 Crore | Total amount of liquid funds available to ONGC. |
| Beta | 0.65 | Beta is less than 1 indicating that the ONGC's price is less volatile than the market. |
Is ONGC A Good Buy For Long Term?
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Disclaimer: The information provided on this page is for educational purposes only and should not be considered as financial advice. Historical performance data and technical analysis cannot guarantee future results. Stock investments are subject to market risks. Please consult with a qualified financial advisor before making any investment decisions.
All stock data shown is sourced from publicly available information and while we strive for accuracy, we cannot guarantee the absolute accuracy of all figures. Users should verify critical information from official sources before making investment decisions.
