[ad_1] Shares of Siemens Ltd. have been adjusted after spinning off its energy business. The new company is called Siemens Energy India Ltd. Because of this, Siemens stock looks about 50% lower, now trading below ₹2,500. Monday is the record date for the demerger. Shareholders will get one share of Siemens Energy India for every […]
Industrial stocks are down nearly 50% from their peak; check four top picks from Jefferies – CNBC TV18
[ad_1] Brokerage firm Jefferies has cited Siemens Ltd., Thermax Ltd. Larsen & Toubro Ltd. and Hindustan Aeronautics Ltd. (HAL) among its top picks within the industrial stocks. Company Value Change %Change Shares of these industrial names are down between 15% to 45% from their respective record high levels. While L&T shares are down 17% from […]
UBS upgrades Siemens India citing favourable risk-reward, correction from peak – CNBC TV18
[ad_1] Shares of Siemens Ltd. opened with gains of up to 3% on Tuesday, January 28, after global brokerage firm UBS upgraded the stock, citing favourable risk reward. Company Value Change %Change The foreign brokerage upgraded Siemens to ‘Buy’ from its earlier rating of ‘Neutral’. It has a price target of ₹8,000 on the stock, […]
Jefferies expects this stock to rise 55%; bets on power, defence names – CNBC TV18
[ad_1] Global brokerage firm Jefferies has maintained a positive stance on the industrials sector, highlighting power and defense as standout areas. Its top stock picks include Siemens, Hindustan Aeronautics Limited (HAL), Thermax, and Larsen & Toubro (L&T). Company Value Change %Change HAL: Jefferies has reaffirmed its ‘Buy’ rating with a price target of ₹5,500 per […]
Marketbuzz Podcast With Hormaz Fatakia: Nifty eyes gap-up start; Zomato part of the Sensex from today – CNBC TV18
[ad_1] Company Value Change %Change Hello and Welcome to the Marketbuzz Podcast on CNBC-TV18. Lets bring you up to speed with everything you need to be aware of before the day’s trading action. Nifty coming into today’s session on the back of its worst week of 2024 Wall Street handover, Asian market action […]
Siemens’ valuation premium over its parent narrows to nine-month low – CNBC TV18
[ad_1] Shares of Siemens Ltd plunged in Friday’s trade after not so promising management commentary spooked investor sentiment. The knee-jerk reaction saw the stock slumping 10% during the day to mark its biggest single-day fall in six months. Company Value Change %Change The sudden drop in shares also narrowed its valuation premium over its German […]
Siemens Q4 Results | Net profit jumps 45% beating forecast; dividend declared – CNBC TV18
[ad_1] Engineering and automation major Siemens Ltd on Tuesday (November 26) reported a 45.4% year-on-year (YoY) jump in net profit at ₹830.7 crore for the fourth quarter that ended on September 30, 2024. The company follows the October-September financial year. In the corresponding quarter of the previous fiscal, Siemens posted a net profit of ₹571.3 […]
Siemens receives potential tax demand order of ₹29.4 crore from Income Tax Department – CNBC TV18
[ad_1] Technology firm Siemens Ltd on Friday (August 30) said it has received a potential tax demand order from the Deputy Commissioner of Income Tax, Circle 8(2)(1), totalling approximately ₹29.4 crore. “This is to inform you that on 30th August 2024 at around 12.15 pm, the Company received an order from the Deputy Commissioner of […]
Siemens Q3 Results | Net profit rises 27% to Rs 578 crore, misses estimates – CNBC TV18
[ad_1] Technology firm Siemens Ltd on Friday (August 9) reported a 26.8% year-on-year (YoY) jump in net profit at ₹577.7 crore for the third quarter that ended June 30, 2024. The company follows the October-September financial year. In the corresponding quarter of the previous fiscal, Siemens posted a net profit of ₹455.5 crore, the company […]