Status: Pending
Age: New (01/01/2001)
ICICI Securities Recommends Hold on Siemens with Target of ₹3150
Brokerage
ICICI Securities
Analyst
Brokerage Team
Position
Neutral
Start Date
01/01/2001
Horizon
Mid Term
Target Price and Expected Returns
Start Price
Target Price
₹3150
Expected Returns
Summary
ICICI Securities has given a hold rating to Siemens with a target price of ₹3150.
ICICI Securities's justification for Siemens target price prediction
- Siemens concluded the demerger and separate listing of its energy business.
- The company won a signalling and telecom contract worth INR 12bn for India’s first bullet train.
- Siemens kickstarted production of its 9,000HP railway locomotives aimed at a major mobility order of INR 263bn.
- Order inflow and backlog remain robust with positive year-over-year growth.
- Brokers expect growth from smart infrastructure and mobility segments in the coming period.
Sources:
(https://www.moneycontrol.com/news/business/stocks/hold-siemens-target-of-rs-3150-icici-securities-13484386.html)
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