Buy Siemens, price target Rs 1,460: Sagar Doshi

Sagar Doshi of Edelweiss Financial Services has a buy call on Siemens Ltd. with a target price of Rs 1460.0 . The current price of Siemens Ltd. is Rs 1382.2 . Sagar Doshi recommended to keep a stoploss at Rs 1348 .

Siemens Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 49222.94 Crore) operating in Engineering sector.

Siemens Ltd. key Products/Revenue Segments include Engineering Goods which contributed Rs 7528.40 Crore to Sales Value (55.01 % of Total Sales), Income from Project Development which contributed Rs 4209.30 Crore to Sales Value (30.76 % of Total Sales), Sale of services which contributed Rs 1566.50 Crore to Sales Value (11.44 % of Total Sales), Other Operating Revenue which contributed Rs 199.70 Crore to Sales Value (1.45 % of Total Sales), Export Incentives which contributed Rs 112.60 Crore to Sales Value (0.82 % of Total Sales), Rental Income which contributed Rs 48.40 Crore to Sales Value (0.35 % of Total Sales) and Commission which contributed Rs 18.90 Crore to Sales Value (0.13 % of Total Sales)for the year ending 30-Sep-2019.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 2628.00 Crore, down -34.90 % from last quarter Sales of Rs 4037.00 Crore and down -4.55 % from last year same quarter Sales of Rs 2753.30 Crore Company has reported net profit after tax of Rs 265.80 Crore in latest quarter.