Analyst's Pick: Siemens India
Domestic broking house Indiabulls has retained its ‘hold’ rating on Siemens India.
By ET Bureau |
CMP: Rs 200
Target price: NA
Domestic broking house Indiabulls has retained its ���hold��� rating on Siemens India. ���Though our near-term outlook for the company has weakened following the SISL deal, we believe the company is well poised to grow in the long run,��� the report said. The outfit adds that revenues in the power segment is likely to fall due to the completion of several big-ticket projects in FY08 and lack of mega order inflows near term. ���We believe that strong growth in small segments such as transportation, healthcare and BPO will help in cushioning the downside in revenue from the power segment. The revenue is expected to grow substantially post FY10, once the orders in the power segment start coming in from the Twelfth Five Year plan,��� the note added.
Target price: NA
Domestic broking house Indiabulls has retained its ���hold��� rating on Siemens India. ���Though our near-term outlook for the company has weakened following the SISL deal, we believe the company is well poised to grow in the long run,��� the report said. The outfit adds that revenues in the power segment is likely to fall due to the completion of several big-ticket projects in FY08 and lack of mega order inflows near term. ���We believe that strong growth in small segments such as transportation, healthcare and BPO will help in cushioning the downside in revenue from the power segment. The revenue is expected to grow substantially post FY10, once the orders in the power segment start coming in from the Twelfth Five Year plan,��� the note added.
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