Hold Siemens, says Baliga

Hold Siemens, says Ambareesh Baliga of Karvy Stock Broking.

Baliga told CNBC-TV18, "Siemens as of now just hold on, possibly wait for them to hike the open offer price further. I think those people who waited for the buyback much longer have made much more than what they were originally offered for example someone in Cadbury would be today making around 4-5 times what they would have made otherwise if they had operated earlier." The company's trailing 12-month (TTM) EPS was at Rs 24.53 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 35.18. The latest book value of the company is Rs 103.11 per share. At current value, the price-to-book value of the company was 8.37. The dividend yield of the company was 0.58%.