Siemens Energy Gets Bullish Calls From Brokerages — Check New Target Prices
Several brokerages have initiated coverage on Siemens Energy India with positive ratings.
Siemens Energy India Ltd. shares began trading at Rs 2,840 apiece on the Bombay Stock Exchange and the National Stock Exchange, following its demerger from Siemens Ltd. in April. The stock quickly rose nearly 5%, reaching Rs 2,982.
Several brokerages have initiated coverage on Siemens Energy India with positive ratings.
Antique has assigned a 'buy' rating with a target price of Rs 3,179, citing Siemens' technology leadership, strong product portfolio, and market leadership. This represents an upside of approximately 11.93% from the listing price.
Motilal Oswal also recommends a 'buy' with a target price of Rs 3,000, based on September 2027 estimates, noting potential risks such as a slowdown in ordering and supply chain issues affecting margins. This target price indicates an upside of around 5.63%.
HDFC Securities has a 'buy' rating on Siemens Energy, with a target price of Rs 3,000 per share, also reflecting an upside of 5.63%.
The demerger, effective April 7, separated Siemens Ltd.'s energy business into Siemens Energy India. Shareholders of Siemens Ltd. received one share of Siemens Energy India for each share held. The company received approval from BSE and NSE for the listing and trading of its equity shares started Thursday.
