Siemens Energy shares zoom 5%, hit upper circuit post listing; brokerages project 30% upside
The shares of Siemens Energy India, the demerged arm of Siemens Ltd, zoomed 5% in Thursday’s early trade to hit their upper circuit at Rs 2,992.45 on the BSE after listing at Rs 2,850. With this listing, brokerage firms project up to 30% upside potential in the stock, setting a target price as high as Rs 3,700.
Here’s what brokerages say:
Jefferies: Buy| Target price: Rs 3,700| Upside potential: 29.8%
Analysts expect the newly carved-out entity to emerge as a leading beneficiary of India’s accelerating power transmission and distribution (T&D) investment cycle.
Also Read: Siemens Energy shares list at Rs 2,850 on BSE after demerger; growth prospects bullish
Here’s what brokerages say:
Jefferies: Buy| Target price: Rs 3,700| Upside potential: 29.8%
Siemens Energy on listing should be India’s largest listed pure-play power T&D…
