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Buy Siemens, price target Rs 1,560: Shrikant Chouhan

The analyst suggested a stoploss at Rs 1455

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Updated: Dec 13, 2019, 08.19 AM IST
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Shrikant Chouhan of Kotak Securities Limited has a buy call on Siemens Ltd. with a target price of Rs 1560.0 . The current price of Siemens Ltd. is Rs 1486.7 Time period given by the analyst is Intra Day when Siemens Ltd. price can reach defined target. Shrikant Chouhan recommended to keep a stoploss at Rs 1455 .

Siemens Ltd., incorporated in 1957, has a market cap of Rs 52944.40 crore. Siemens Ltd. key Products/Revenue Segments include Engineering Goods which contributed Rs 6929.20 Crore to Sales Value (54.45 % of Total Sales), Income from Project Development which contributed Rs 4133.80 Crore to Sales Value (32.48 % of Total Sales), Sale of services which contributed Rs 1206.40 Crore to Sales Value (9.48 % of Total Sales), Other Operating Revenue which contributed Rs 201.10 Crore to Sales Value (1.58 % of Total Sales), Export Incentives which contributed Rs 165.80 Crore to Sales Value (1.30 % of Total Sales), Rental Income which contributed Rs 65.50 Crore to Sales Value (0.51 % of Total Sales) and Commission which contributed Rs 23.30 Crore to Sales Value (0.18 % of Total Sales)for the year ending 30-Sep-2018.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 4037.00 Crore, up 29.06 % from last quarter Sales of Rs 3128.10 Crore and up 5.72 % from last year same quarter Sales of Rs 3818.70 Crore Company has reported net profit after tax of Rs 333.90 Crore in latest quarter.

The company’s top management includes Mr.Cedrik Neike, Mr.Christian Rummel, Mr.Darius C Shroff, Mr.Deepak S Parekh, Mr.Joe Kaeser, Mr.Johannes Apitzsch, Mr.Keki B Dadiseth, Mr.Mehernosh B Kapadia, Mr.Sunil Mathur, Mr.Yezdi H Malegam, Ms.Anjali Bansal, Ms.Mariel von Schumann. Company has SRBC & Co LLP as its auditors. As on 30-09-2019, the company has a total of 356,120,255 shares outstanding.

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