Chandan Taparia of Motilal Oswal Securities has a buy call on Siemens Ltd. with a target price of Rs 1200.0. The current price of Siemens Ltd. is Rs 1148.5 Time period given by the analyst is Intra Day when Siemens Ltd. price can reach defined target. Chandan Taparia recommended to keep a stoploss at Rs 1125 .

Siemens Ltd., incorporated in 1957, has a market cap of Rs 40925.34 crore.

Investment Rationale

The stock is surpassing its falling supply trend line with price volume breakout.

Quarterly Results

Source: ETMarkets.com

Financials

For the quarter ended March 31, 2020, the company reported consolidated sales of Rs 2756.90 crore, up 4.90 per cent from last quarter sales of Rs 2628.00 crore and down -21.00 per cent from last year's same quarter sales of Rs 3489.80 crore. The company reported net profit after tax of Rs 175.70 crore in the latest quarter.

Promoter/FII Holdings

Promoters held 74.99 per cent stake in the company as of March 31, 2020, while FIIs held 4.21 per cent, DIIs 10.15 per cent and public and others 10.59 per cent.