Siemens |Sector: Capital Goods- Electrical Equipment |CMP: Rs 2368.05 |Target: Rs 2810
The companys strong market position is supported by access to the latest technology and brand equity of its parent, diverse product portfolio, wide geographical reach and established track record of timely execution of projects. According to the management of the company, as Government investment in infrastructure continues and capacity utilization levels increase, the company believe tendering for private sector capex will pick up in the months ahead. Thus, it is expected that the stock will see a price target of Rs.2810 in 8 to 10 months. (Pic: Reuters)
The company's strong market position is supported by access to the latest technology and brand equity of its parent, diverse product portfolio, wide geographical reach and established track record of timely execution of projects. According to the management of the company, as Government investment in infrastructure continues and capacity utilization levels increase, the company believe tendering for private sector capex will pick up in the months ahead. Thus, it is expected that the stock will see a price target of Rs.2810 in 8 to 10 months.
(Pic: Reuters)
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