Well-placed to capitalize on the opportunities

Company
11 Mar 2024
5 Min read 
  • Siemens reported better-than-expected 1QFY24 results with revenue growth of 20% YoY.
  •  Order inflows improved by 10% YoY, driven by the transmission sector.
  •  The company is optimistic about growth prospects in the domestic market and new opportunities.
  •  Estimates have been raised and a revised target price of INR4,950 has been set.
  •  Siemens is well-positioned to benefit from the expanding addressable market.
  •  The stock is currently trading at a P/E of 52.7x/44.8x on FY25E/FY26E.
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