Siemens to give 30% return in next year or two

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Siemens to give 30% return in next year or two

Ajay Srivastava, Dimensions Consulting is of the view that Siemens should give a return of 30% YoY in terms of stock price in the next year or two.

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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?

Ajay Srivastava, Dimensions Consulting is of the view that Siemens should give a return of 30% YoY in terms of stock price in the next year or two.

Srivastava told CNBC-TV18, "We have a large long position in Siemens. It is a wonderfully positioned stock. It has got multiple industries, which gives it traction. It is growing at 50% YoY. It is expensive, it is at a PE of close to 40 but the growth rate is close to 50% and above and therefore we have continued to hold that position. And we think that in the next year or two it should give us a return of 30% YoY in terms of stock price."