Promoters held 75.0 per cent stake in the company as of 31-Dec-2021, while FIIs owned 5.4 per cent, DIIs 9.67 per cent.

ICICI Direct has buy call on Siemens with a target price of Rs 2505. The current market price of Siemens Ltd. is Rs 2416.15. Time period given by analyst is Intra Day when Siemens Ltd. price can reach defined target.

Siemens Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 86024.41 Crore) operating in Engineering sector.

Siemens Ltd. key Products/Revenue Segments include Engineering Goods, Income from Project Development, Sale of services, Other Operating Revenue, Export Incentives, Rental Income and Commission for the year ending 30-Sep-2020.

Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 3610.00 Crore, down -17.17 % from last quarter Total Income of Rs 4358.30 Crore and up 21.01 % from last year same quarter Total Income of Rs 2983.30 Crore. Company reported net profit after tax of Rs 250.80 Crore in latest quarter.

Investment Rationale
Buying demand emerging from rising demand line joining lows since May 2020 and MACD in buy mode

Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 31-Dec-2021, while FIIs owned 5.4 per cent, DIIs 9.67 per cent.

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Buy Siemens, target price Rs 2505: ICICI Direct

Siemens Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 86024.41 Crore) operating in Engineering sector.

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