Buy Siemens, may test Rs 1650: Sacchitanand Uttekar

Sacchitanand Uttekar of Motilal Oswal Financial Services told CNBC-TV18, "We are bullish on Siemens where we have mature consolidations. The stock is expected to rally right up to Rs 1,650. It can be participated even now with the stop loss at Rs 1,420."

At 14:25 hrs Siemens was quoting at Rs 1,472, up Rs 10, or 0.68 percent. It has touched an intraday high of Rs 1,486.90 and an intraday low of Rs 1,466.05.

Disclosure: Analyst has recommended the stock to his clients but does not personally hold them.