After a long hiatus, the Siemens India stock reacted positively to the company’s quarterly results, gaining 3.7 per cent on Tuesday after the engineering major exceeded expectations in its January-March quarter result. This was the second quarter for the company, as it follows an October-September financial year.
More importantly, Siemens India’s order book touched Rs 16,835 crore, potentially securing the firm's earnings visibility for six years. Orders during the quarter stood at Rs 3,635 crore, an increase of 24 per cent over the year-ago period. The March quarter has ...
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