Siemens to continue its growth for two-three years

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Siemens to continue its growth for two-three years

Deven Choksey of K R Choksey Securities is of the view that Siemens is going to continue its growth for the next two-three years with a long order book position.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Siemens See messages about Siemens Siemens BSE | NSE 28/05/12 Are Mutual Funds betting on Siemens?

Deven Choksey of K R Choksey Securities is of the view that Siemens is going to continue its growth for the next two-three years with a long order book position.

Choksey told CNBC-TV18, "Siemens is going to be continuing as far as the business scenario is concerned for the next two-three years with a large order book position and the visibility as far as the earnings is concerned. Though the relative price-earning ratio for this particular company is relatively higher at this point of time but as I have said when the company is growing at 45-50% that particular ratio is justified."

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