Siemens said last month it was spinning off its gas and power business, which has acted as a drag on the firm's performance as the rise of renewable power hits demand for gas turbines.
Prabhudas Lilladher recommended accumulate rating on Siemens with a target price of Rs 1263 in its research report dated May 29, 2019.
It is a good time for investors looking to start their fresh journey in the market along with the new government at the center, Siddhartha Khemka of MOSL.
Motilal Oswal is bullish on Siemens has recommended buy rating on the stock with a target price of Rs 1290 in its research report dated May 16, 2019.
New orders for the quarter stood at Rs 3,635 crore, the company said in a release
Prabhudas Lilladher expects Siemens India's EBITDA to rise 22.8 percent YoY and 29.4 percent QoQ to Rs 396.5 crore
The system allows big rigs with special equipment mounted on the roofs to connect to the electrified lines overhead.
Net Sales are expected to increase by 12.5 percent Y-o-Y (up 31.6 percent Q-o-Q) to Rs. 3,694.6 crore, according to Prabhudas Lilladher.
Prabhudas Lilladher recommended accumulate rating on Siemens with a target price of Rs 1221 in its research report dated dated April 09, 2019.
Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 3.5 points or 0.03 percent. Nifty futures were trading around 11,572-level on the Singaporean Exchange.
As per the agreement, SFS has agreed to take a 46% equity stake in the 200 MW wind power project.
Nifty managed by some stocks but broader markets are in bear grip and most stocks are available 40-60 percent lower from their recent peak. In this scenario, capital protection is the best strategy for investors.
The company's net profit for the quarter ended December 2017 stood at Rs 190.5 crore, a company statement stated.
After spending nearly a month in consolidation, it’s formed a fresh shorting pivot and likely to see a fresh decline. We advise creating fresh shorts in the given range.
After spending nearly a month in consolidation, it has formed a fresh shorting pivot and likely to see a fresh decline.
Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 3 points or 0.03 percent. Nifty futures were trading around 10,929 level on the Singaporean Exchange.
Continue with a stock-specific trading approach in the meanwhile and maintaining positions on both sides. Also, keeping close watch on earnings announcements and global markets for cues.
Trends on SGX Nifty indicate a gap up opening for the broader index in India, a rise of 64 points or 0.59 percent. Nifty futures were trading around 10,984- level on the Singaporean Exchange.
We expect stock-specific performance to continue as earnings season gathers pace while we expect the index to strengthen above December-high of 10,985, says Dharmesh Shah of ICICI Direct.com.
A source at German group Siemens said Brussels had posed "insurmountable" demands for concessions that the groups would not make.
The top gainers from NSE include Zee Entertainment, Bajaj Finserv, UPL, Adani Ports and UltraTech Cement while the top losers included TCS, YES Bank, Sun Pharma, IndusInd Bank and Infosys.
The breadth of the market favoured the declines with 742 stocks advancing and 858 declining while 459 remained unchanged. On the BSE, 969 stocks advanced, 993 declined and 95 remained unchanged.
A favorable outcome of the general elections would lead to multiple expansion which can push the Sensex closer to euphoric levels of ~45,000 by the year-end.