Targeting opportunities in transmission, railways, data center and select private capex

Company
22 Dec 2023
5 Min read 
  • Siemens is targeting opportunities in transmission, railways, data center, and select private capex.
  •  The company plans to demerge its energy division and increase localization across segments.
  •  Siemens is optimistic about growth prospects in the domestic market and new areas such as semiconductors, batteries, and EVs.
  •  Near-term order inflows may be affected by the general election schedule, but long-term prospects remain strong.
  •  A potential demerger and listing of Siemens India Energy segment could unlock value in the next 2-3 years.
  •  The stock is currently trading at a P/E of 51.1x/42.9x on FY24E/FY25E and has a target price of INR4,600.
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