HDFC Securities lowers Siemens target price amid strong order growth
after close1 source ↓written by the desknot a recommendation
- increase
- 20.5% YoY
- until 12 MFY25
- ₹200.4 billion
- target price
- ₹3,690/share
Siemens India reported a record order backlog of ₹422.5 billion, reflecting a 20.5% YoY increase. The company’s order intake reached ₹200.4 billion until 12 MFY25, driven by sectors like chemicals, pharma, and EVs. HDFC Securities maintains a 'Buy' rating with a target price of ₹3,690/share, indicating strong revenue visibility.
Not investment advice. For informational purposes only.