Siemens shares surged 5% on Wednesday, November 27, 2024, following the release of its impressive fourth-quarter results. The company reported a 45.4% year-on-year (YoY) increase in net profit to Rs 830.7 crore, while revenue rose 11.3% YoY to Rs 6,461.1 crore.
Source:- bbc news
Analysts were quick to react to the positive results, with many expressing optimism about the company’s future prospects. Global brokerage firm Siemens noted that the company’s balance sheet had improved as electrification led industries. However, the firm maintained a “neutral” rating on the stock with a target price of Rs 8,000.
Source:- bbc news
Other analysts were more bullish on the stock. Motilal Oswal maintained its “buy” rating with a target price of Rs 8,400, citing strong order inflows and margin expansion. HDFC Securities also maintained its “buy” rating with a target price of Rs 8,200, highlighting the company’s strong execution capabilities and healthy order book.
Siemens’ strong performance in the fourth quarter was driven by a number of factors, including increased government spending on infrastructure, a pickup in private capex, and strong demand for the company’s products and services. The company is well-positioned to benefit from these trends in the coming years.
Overall, Siemens’ strong fourth-quarter results and positive analyst views suggest that the stock is likely to continue its upward momentum in the near future. However, investors should be aware that the stock is currently trading at a premium valuation, and there is a risk of a correction if the company fails to meet expectations in the future.
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