Siemens stock cracks 16% in 5 sessions: Should you buy, hold or sell it?
Despite the recent sharp losses in Siemens stock price, UBS retains its neutral outlook on the stock.
Siemens share price, Siemens target: Shares of Siemens are in focus in Monday's session (December 23) after the steep fall of over 10 per cent on Friday. In the last 5 sessions, the stock has slumped nearly 16 per cent considering the day's low of Rs 6,713 per share on the BSE.
As of 9:42 am, shares traded weak by 1.2 per cent at Rs 6,784.7 apiece. In its presentation made at the Analysts / Institutional Investors call, the company's management exuded continued confidence in India's growth story.
The company's management said the government spending on infra is expected to pick up in H1. First signs of consumption uptick are signalled with the manufacturing PMI figure of 56.5 in November.
Further they added that the private sector capex is mainly seen for new age technologies i.e. Semiconductor, Batteries, Solar Photovoltaic, Electric Vehicles.
What analysts and brokerages make of Siemens stock post its analysts' call?
Global brokerage UBS continues with its 'neutral' call on the stock with the target pegged at Rs 8,000, implying potential upside of nearly 17 per cent from the previous close.
The brokerage highlighted that the company's management said it won't participate in LCC tech-based HVDC tenders which are lined up soon. And instead it will target VSC-based projects that will be available shortly. Furthermore, the company also said that government capital expenditure orders were slow in Q3, but are expected to see a comeback in Q4.
Cyclically margins are getting better, and new orders in the energy sector look positive.
The business also stated that the listing of the company's energy enterprise in the H1CY25 could unlock some value for its shareholders.
In May this year, Siemens board approval the proposal to demerge its Energy business into a separte entity-Siemens Energy which is slated to be listed in 2025.
Antique Broking also continued with its 'buy' stance on the counter with the target pegged at Rs 8,856- implying possible gains of nearly 29 per cent. This is as the brokerage house remains upbeat on the company's business prospects.
Siemens stock price
Siemen's stock in the last one year has gained over 69 per cent, while its 3-year return is at 177 per cent.
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