Buy Siemens, target price Rs 4600: Motilal Oswal

Motilal Oswal has buy call on Siemens Ltd. with a target price of Rs 4600. The current market price of Siemens Ltd. is Rs 4020.95.
Siemens Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 142451.66 Crore) operating in Engineering sector.

Siemens Ltd. key Products/Revenue Segments include Engineering Goods, Income from Project Development, Sale of services, Other Operating Revenue, Export Incentives, Rental Income and Commission for the year ending 30-Sep-2022.



Financials
For the quarter ended 30-09-2023, the company has reported a Consolidated Total Income of Rs 5953.20 Crore, up 18.93 % from last quarter Total Income of Rs 5005.60 Crore and up 25.07 % from last year same quarter Total Income of Rs 4759.90 Crore. Company has reported net profit after tax of Rs 571.70 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 7.94 per cent, DIIs 7.59 per cent.