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.
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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