Siemens has target of Rs 465: E Mathew

Technical Analyst, E Mathew is of the view that Siemens has target of Rs 465.

E Mathew told CNBC-TV18, "Siemens has been hammered substantially. A little bit of contrarian buying is certainly emerging in this stock. A very nice bottom is around Rs 360, so for the short-term as well as the medium trade, keeping a stop loss of around Rs 360, one could look for a target of as high as even Rs 465 now that the stock has decisively crossed Rs 405."

Disclosure: It is safe to assume that analyst hold positions and have interest in the stocks and sectors discussed.