Company Update - Siemens Ltd - ICICI Direct

We recently attended the analyst meet of Siemens Ltd (Siemens). The order opportunity pipeline remains healthy across segments with solar, Statcoms, power evacuation, GIS substations as TBCB gaining momentum and good traction in waste heat recovery (WHR) plants from private customers in steel, cement, chemical, fertiliser, etc. In smart infrastructure, a lot of traction is seen in data centres, hospitals, building management systems, low voltage products with fairly visible opportunity pipeline. Revenue growth in H1FY21 was aided by short cycle products business (Smart Infrastructure and Digital Industries) primarily driven by private customers. Exports business saw a marginal increase to 21.8% for H1FY21. It was able to control discretionary expenses driven through continued efforts on optimisation of fixed costs. Order backlog was healthy at Rs. 12677 crore.

For details, click on the link below: Link to the report

Shares of SIEMENS LTD. was last trading in BSE at Rs.2090 as compared to the previous close of Rs. 2059.2. The total number of shares traded during the day was 16123 in over 1316 trades.

The stock hit an intraday high of Rs. 2104.2 and intraday low of 2069.25. The net turnover during the day was Rs. 33650091.

Source : Equity Bulls

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