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NSE
1206.50
Change Change %
-17.90 -1.46%

Updated:23 Oct, 2017, 15:53 PM IST

BSE
1204.95
Change Change %
-21.65 -1.77%

Updated:23 Oct, 2017, 15:42 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Edelweiss
N/A
02-08-2017 Hold 1393.25 1450.00
N/A
Target Hit Long (1Y)
02-08-2018

Edelweiss maintains hold on Siemens

Siemens (SIEM) reported 22% revenue growth for Q3FY17 in continuing business operations (Healthcare was sold recently), led by Energy vertical. For 9MFY17, SIEM's order intake grew 25% led by certain big ticket size contracts. We expect SIEM to benefit from the broad-based pickup in high-value orders across key sectors, and estimate 19% earnings CAGR over FY16-19, with RoE of around 12-13%. We prefer ABB India and Cummins, given better OPM and cash flow profiles. Rolling over to FY19 valuation estimates, we maintain 'HOLD" with a revised target price of INR1,450 (INR1,322 earlier) .

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