HDFC Securities lowers Siemens target price amid strong order backlog
pre-market1 source ↓written by the desknot a recommendation
- Siemens India
- ₹3,690/share
- increase
- 20.5% YoY
- until 12 MFY25
- ₹200.4 billion
HDFC Securities has revised its target price for Siemens India to ₹3,690/share, maintaining a Buy rating. The company reported a record order backlog of ₹422.5 billion, reflecting a 20.5% YoY increase, driven by demand in chemical, pharma, and EV sectors. This robust order intake of ₹200.4 billion until 12 MFY25 enhances revenue visibility for the coming years.
Not investment advice. For informational purposes only.