Neutral on Siemens, target price Rs 1420: Motilal Oswal

Motilal Oswal Financial Services has neutral call on Siemens Ltd. with a target price of Rs 1420. The current market price of Siemens Ltd. is Rs 1502.65.

Siemens Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 53257.78 Crore) operating in Engineering sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 3546.80 Crore, up 177.96 % from last quarter Sales of Rs 1276.00 Crore and down -12.14 % from last year same quarter Sales of Rs 4037.00 Crore.

Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of June 30, 2020, while FIIs held 4.2 per cent, DIIs 10.1 per cent and public and others 10.7 per cent.