The corporate stated new orders within the quarter rose 13% to Rs 5,680 crore compared to Rs 5,027 crore in the identical quarter in fiscal 2024. It additionally added that its order backlog has risen 8% to Rs 42,845 crore.
The quarterly earnings have been shared after the market hours. The inventory settled 2.73% decrease at Rs 3,031.80 apiece on the NSE, in comparison with a 0.95% decline within the benchmark Nifty. Siemens’ shares have fallen 55.21% within the final 12 months and 53.61% year-to-date.
Out of 26 analysts monitoring the corporate, 14 keep a ‘purchase’ ranking, six suggest a ‘maintain’ and as many recommend ‘promote’, in line with Bloomberg knowledge. The common 12-month consensus value goal of Rs 3,360.80 implies an upside of 10.9%.
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