OIL belongs to the Energy sector and operates within the Oil & Gas E&P industry. The company is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). In this detailed post, we will explore OIL share price targets for 2024, 2025, 2026, and up to 2030. For long-term forecasts, we will use different technical analysis approaches to predict targets up to the year 2030.
To forecast the price of OIL up to the year 2030, we will use a machine learning approach where the forecasted data is trained on the past performance. Oil India Ltd, known for its significant presence in the Indian share market, has shown various trends over the years. In this section, we discuss OIL's current market position, its growth trajectory, and how external market factors might influence its price performance leading up to 2030.
OIL’s Performance Overview
Current Performance
Today 2024-09-12 shares of OIL closed at ₹578.95 which is ₹2.75 lower than its previous close of ₹581.7. The company has been in mixed trend for the past one week.
Historical Performance
| Date | Close | Gain/Loss |
|---|---|---|
| 2024-09-04 | ₹682.25 | ₹47.60 (6.52%) |
| 2024-09-05 | ₹654.90 | ₹27.35 (4.01%) |
| 2024-09-06 | ₹626.95 | ₹27.95 (4.27%) |
| 2024-09-09 | ₹634.05 | ₹7.10 (1.13%) |
| 2024-09-10 | ₹608.90 | ₹25.15 (3.97%) |
| 2024-09-11 | ₹581.70 | ₹27.20 (4.47%) |
| 2024-09-12 | ₹578.95 | ₹2.75 (0.47%) |
OIL for Tomorrow
Last three days were negative and we can see a continuation bearish trend for tomorrow. This data is important as traders can make better swing trading entries for the upcoming year 2025 or even long-term targets up to 2030.
OIL Share Price Target 2024
Most of the Indian stocks like OIL have experienced an impressive Bull run in 2023. In the first quarter of 2024, the bullish sentiment of the market will likely stay the same with some consolidation in the beginning few months. As per technical data, the minimum share price target in 2024 for OIL is expected to be ₹911.15 and the maximum price target for 2024 will be ₹1305.75.
| Month | Target |
|---|---|
| April 2024 target for OIL | ₹911.15 |
| May 2024 target for OIL | ₹960.48 |
| June 2024 target for OIL | ₹1009.8 |
| July 2024 target for OIL | ₹1059.13 |
| August 2024 target for OIL | ₹1108.45 |
| September 2024 target for OIL | ₹1157.78 |
| October 2024 target for OIL | ₹1207.1 |
| November 2024 target for OIL | ₹1256.43 |
| December 2024 target for OIL | ₹1305.75 |
Summary of OIL Share Price Forecast for 2024
- The initial price target for Oil India Ltd in 2024 is projected to be ₹911.15.
- With favorable market conditions, the mid-year price target for Oil India Ltd could reach ₹1157.78.
- By the end of 2024, the price target for Oil India Ltd is expected to potentially reach ₹1305.75, considering bullish market trends.
Predicted Price Chart for 2024
OIL Share Price Target 2025
The share price of OIL is expected to reach a value of Rs. 1332 by January 2025. If the Macro and Micro economic factors along with the industry trend support, we might see the target price of Oil India Ltd reach Rs 1494 by December 2025.
| Month | Target |
|---|---|
| January 2025 target for OIL | ₹1332 |
| February 2025 target for OIL | ₹1359 |
| March 2025 target for OIL | ₹1386 |
| April 2025 target for OIL | ₹1340 |
| May 2025 target for OIL | ₹1295 |
| June 2025 target for OIL | ₹1252 |
| July 2025 target for OIL | ₹1302 |
| August 2025 target for OIL | ₹1354 |
| September 2025 target for OIL | ₹1408 |
| October 2025 target for OIL | ₹1436 |
| November 2025 target for OIL | ₹1465 |
| December 2025 target for OIL | ₹1494 |
Summary of OIL Share Price Forecast for 2025
- The initial price target for Oil India Ltd in 2025 is projected to be ₹1332.
- With favorable market conditions, the mid-year price target for Oil India Ltd could reach ₹1252.
- By the end of 2025, the price target for Oil India Ltd is expected to potentially reach ₹1494, considering bullish market trends.
Predicted Price Chart for 2025
OIL Share Price Target 2026
As per technical data, The minimum share price target of OIL is expected to reach Rs. 1524 and the maximum value that shares of OIL can reach is Rs. 1710.
| Month | Target |
|---|---|
| January 2026 target for OIL | ₹1524 |
| February 2026 target for OIL | ₹1554 |
| March 2026 target for OIL | ₹1585 |
| April 2026 target for OIL | ₹1532 |
| May 2026 target for OIL | ₹1481 |
| June 2026 target for OIL | ₹1432 |
| July 2026 target for OIL | ₹1489 |
| August 2026 target for OIL | ₹1549 |
| September 2026 target for OIL | ₹1611 |
| October 2026 target for OIL | ₹1643 |
| November 2026 target for OIL | ₹1676 |
| December 2026 target for OIL | ₹1710 |
Summary of OIL Share Price Forecast for 2026
- The initial price target for Oil India Ltd in 2026 is projected to be ₹1524.
- With favorable market conditions, the mid-year price target for Oil India Ltd could reach ₹1432.
- By the end of 2026, the price target for Oil India Ltd is expected to potentially reach ₹1710, considering bullish market trends.
Predicted Price Chart for 2026
OIL Share Price Target 2027
Using Fibonacci projections, the estimated price target forecast for Oil India Ltd (OIL) in the first half of the year 2027 will be between ₹1744 - ₹1640. By the second half of 2027, the share price of OIL may reach a maximum value of ₹1958.
| Month | Target |
|---|---|
| January 2027 target for OIL | ₹1744 |
| February 2027 target for OIL | ₹1779 |
| March 2027 target for OIL | ₹1815 |
| April 2027 target for OIL | ₹1755 |
| May 2027 target for OIL | ₹1697 |
| June 2027 target for OIL | ₹1640 |
| July 2027 target for OIL | ₹1706 |
| August 2027 target for OIL | ₹1774 |
| September 2027 target for OIL | ₹1845 |
| October 2027 target for OIL | ₹1882 |
| November 2027 target for OIL | ₹1920 |
| December 2027 target for OIL | ₹1958 |
Summary of OIL Share Price Forecast for 2027
- The initial price target for Oil India Ltd in 2027 is projected to be ₹1744.
- With favorable market conditions, the mid-year price target for Oil India Ltd could reach ₹1640.
- By the end of 2027, the price target for Oil India Ltd is expected to potentially reach ₹1958, considering bullish market trends.
Predicted Price Chart for 2027
OIL Share Price Target 2028
| Month | Target |
|---|---|
| January 2028 target for OIL | ₹1997 |
| February 2028 target for OIL | ₹2037 |
| March 2028 target for OIL | ₹2078 |
| April 2028 target for OIL | ₹2009 |
| May 2028 target for OIL | ₹1942 |
| June 2028 target for OIL | ₹1877 |
| July 2028 target for OIL | ₹1952 |
| August 2028 target for OIL | ₹2030 |
| September 2028 target for OIL | ₹2111 |
| October 2028 target for OIL | ₹2153 |
| November 2028 target for OIL | ₹2196 |
| December 2028 target for OIL | ₹2240 |
Summary of OIL Share Price Forecast for 2028
- The initial price target for Oil India Ltd in 2028 is projected to be ₹1997.
- With favorable market conditions, the mid-year price target for Oil India Ltd could reach ₹1877.
- By the end of 2028, the price target for Oil India Ltd is expected to potentially reach ₹2240, considering bullish market trends.
Predicted Price Chart for 2028
OIL Share Price Target 2029
| Month | Target |
|---|---|
| January 2029 target for OIL | ₹2285 |
| February 2029 target for OIL | ₹2331 |
| March 2029 target for OIL | ₹2378 |
| April 2029 target for OIL | ₹2299 |
| May 2029 target for OIL | ₹2222 |
| June 2029 target for OIL | ₹2148 |
| July 2029 target for OIL | ₹2234 |
| August 2029 target for OIL | ₹2323 |
| September 2029 target for OIL | ₹2416 |
| October 2029 target for OIL | ₹2464 |
| November 2029 target for OIL | ₹2513 |
| December 2029 target for OIL | ₹2563 |
Summary of OIL Share Price Forecast for 2029
- The initial price target for Oil India Ltd in 2029 is projected to be ₹2285.
- With favorable market conditions, the mid-year price target for Oil India Ltd could reach ₹2148.
- By the end of 2029, the price target for Oil India Ltd is expected to potentially reach ₹2563, considering bullish market trends.
Predicted Price Chart for 2029
OIL Share Price Target 2030
| Month | Target |
|---|---|
| January 2030 target for OIL | ₹2614 |
| February 2030 target for OIL | ₹2666 |
| March 2030 target for OIL | ₹2719 |
| April 2030 target for OIL | ₹2628 |
| May 2030 target for OIL | ₹2540 |
| June 2030 target for OIL | ₹2455 |
| July 2030 target for OIL | ₹2553 |
| August 2030 target for OIL | ₹2655 |
| September 2030 target for OIL | ₹2761 |
| October 2030 target for OIL | ₹2816 |
| November 2030 target for OIL | ₹2872 |
| December 2030 target for OIL | ₹2929 |
Summary of OIL Share Price Forecast for 2030
- The initial price target for Oil India Ltd in 2030 is projected to be ₹2614.
- With favorable market conditions, the mid-year price target for Oil India Ltd could reach ₹2455.
- By the end of 2030, the price target for Oil India Ltd is expected to potentially reach ₹2929, considering bullish market trends.
Predicted Price Chart for 2030
Key Takeaways from Forecasted Price for OIL from 2024 to 2030
| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2024 | ₹911.15 | ₹1157.78 | ₹1305.75 |
| 2025 | ₹1332 | ₹1252 | ₹1494 |
| 2026 | ₹1524 | ₹1432 | ₹1710 |
| 2027 | ₹1744 | ₹1640 | ₹1958 |
| 2028 | ₹1997 | ₹1877 | ₹2240 |
| 2029 | ₹2285 | ₹2148 | ₹2563 |
| 2030 | ₹2614 | ₹2455 | ₹2929 |
- In 2024, Oil India Ltd (OIL) is expected to experience strong growth, with an initial target of ₹911.15. However, market volatility might lead to fluctuations mid-year, peaking at ₹1207.1.
- For Oil India Ltd in 2025, a bullish trend might take the stock to a mid-year target of ₹1302, followed by a steady climb to ₹1494.
- In 2026, a temporary decline in early months for Oil India Ltd is possible, with a recovery expected by mid-year, aiming for ₹1489.
- Anticipating mixed trends for Oil India Ltd in 2027, with rapid movements both upward and downward, yet maintaining an overall upward trajectory towards ₹1958.
- For 2028 and 2029, Oil India Ltd is expected to show strong and steady growth, potentially breaking past previous highs and setting new records.
- By 2030, the cumulative impact of market dynamics could lead Oil India Ltd to a substantial year-end target, surpassing previous expectations.
Final Words on Oil India Ltd (OIL) Share Price Target up to 2030
To summarize, we have presented OIL share price target 2024, 2025, 2026, and up to 2030, based on the most recent trading data and algorithms. These targets serve as potential support and resistance levels for the coming years.
It's essential to note that while these price targets are based on technical analysis, other market conditions and news could also impact the stock's performance. Therefore, these hypothetical targets should be used as guidelines and not as financial advice. Always perform your own due diligence before making any investment.
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