Siemens share price: Siemens said that it alone will have a share of Rs 1,230 crore for the design, installation and long-term maintenance of advanced signaling and telecommunications technologies, as part of the project.
Stocks to Watch, Mar 26: Stocks like Maruti Suzuki India, Minda Corporation, Oil and Natural Gas Corporation, Siemens India, Brainbees Solutions, TVS Motor Company, Indian Overseas Bank, Jyothy Labs, Bharat Heavy Electricals, Indegene, DLF, Asahi India Glass, Dredging Corporation of India, and NTPC Green Energy will be in focus on March 26.
UBS has a neutral rating on Siemens India, while Elara and Nuvama have Accumulate and Hold rating, respectively. Antique has maintained a buy call citing growth opportunities, and HDFC Securities has a buy rating, with a target price of Rs 8114.
In the previous session, Siemens India crashed 10 percent after analysts were disappointed by the management commentary.
Siemens India's consolidated net profit for the quarter came in at at Rs 830.7 crore, higher by 45.4 percent on-year.
Consolidated revenues rose 6.8 percent to Rs 5,203.5 crore, Siemens, which follows the October to September financial year, said in an exchange filing.
According to Bloomberg data, 17 analysts have a 'buy' call, 5 have a 'hold', and 5 have a 'sell' rating on Siemens India stock.
Revenue rose 19 percent to Rs 5,248 crore, Siemens, which follows October to September financial year, said
As per the scheme of arrangement, shareholders of Siemens Limited will receive one share of Siemens Energy India Limited for each held
Siemens ended at new closing high of Rs 5,768, and formed long bullish candlestick pattern on the daily timeframe, while the trading volumes in last three sessions remained healthy.
Cummins India shares have gained by 50 percent on a YTD basis while in the one-year period, they have shot up by 85 percent.
The promoters requested Siemens' board to consider demerging the firm’s energy business into a separate entity.
Siemens AG, along with its subsidiary held a 51 percent stake in Siemens India. Post the 18 percent stake buy, Siemens AG's standalone shareholding will increase to 69 percent in Siemens India.
There are two core drivers of capex in the near term — the National Infrastructure Pipeline (NIP) and capex plans of the private sector driven by multiple sector-specific factors.
Capital goods companies believe that the cascading effect of the government spending on capex and infrastructure will boost their order book and help them recover fast from the COVID-19 pandemic.
Siemens is trying to redefine itself from being a pure power system supplier to a provider of end-to-end digitalization solutions for industrial businesses.
Digitalisation involves deploying a network of tools like software, sensors, camera and actuators to capture every possible data point on the shop floor seamlessly
The world as we know and experience it today, has been shaped by three major technological revolutions. Today we stand on the cusp of a fourth industrial revolution; one which promises to integrate the worlds of production and network connectivity in an “Inter-net of Things†which makes “INDUSTRIES 4.0†a reality.
In an interview with CNBC-TV18, Sachhitanand Uttekar of Motilal Oswal Financial Services said one can get into long term investments at the current level.
Anant Maheshwari, President of Honeywell India said there could be minor ups and downs in terms of taxes etc from the Budget but that does not necessarily change the growth and investments plans of the company.
Shares of Siemens India gained 2.7 percent intraday to touch an all-time high of Rs 1,136 on Monday on getting orders from Indian Railways.
Coal India | TCS | HDFC Bank | Corporation Bank | JSW Steel | Heidelberg Cement | Alstom T&D | Wheels India | Siemens India | Coromandel International | Canara Bank | Gujarat NRE Coke | Apollo Hospital | M&M | Speciality Restaurant | Bharti Airtel and 3i Infotech are stocks, which are in the news today.
FTSE also added United Breweries in its Asian Food & Beverage Index with 26 percent investible weightage and NMDC (up 0.24 percent) in Asian Basic Resources Index with 20 percent weightage and Tech Mahindra with 24 percent investible weightage in its Technology Index.
Sudarshan Sukhani, s2analytics.com is of the view that short term trader can buy Wipro.
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