Buy Siemens, target price Rs 5900: Motilal Oswal

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-2023.

By ETMarkets.com | Updated: Apr 23, 2024, 09.28 AM IST

Promoters held 150.0 per cent stake in the company as of 31-Mar-2024, while FIIs owned 16.6 per cent, DIIs 14.8 per cent.

Motilal Oswal has buy call on Siemens Ltd. with a target price of Rs 5900. The current market price of Siemens Ltd. is Rs 5767.6.

Siemens Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 205424.41 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-2023.

Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 4989.30 Crore, down -16.19 % from last quarter Total Income of Rs 5953.20 Crore and up 21.19 % from last year same quarter Total Income of Rs 4116.80 Crore. Company reported net profit after tax of Rs 505.70 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 150.0 per cent stake in the company as of 31-Mar-2024, while FIIs owned 16.6 per cent, DIIs 14.8 per cent.

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