Buy Siemens, target price Rs 2800: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Siemens Ltd. with a target price of Rs 2800. The current market price of Siemens Ltd. is Rs 2697.3. Time period given by analyst is Intra Day when Siemens Ltd. price can reach defined target.

Siemens Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 95771.42 Crore) operating in Engineering sector.

Siemens Ltd. key Products/Revenue Segments include Engineering Goods, Income from Project Development, Sale of services, Other Operating Revenue, Rental Income, Export Incentives and Commission for the year ending 30-Sep-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 4021.50 Crore, up 11.40 % from last quarter Total Income of Rs 3610.00 Crore and up 13.60 % from last year same quarter Total Income of Rs 3540.00 Crore. Company reported net profit after tax of Rs 340.00 Crore in latest quarter.

Investment Rationale
Follow up buying after weekly breakout and mechanical indicator turning into buying zone.

Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 5.51 per cent, DIIs 9.48 per cent.