Stock Forecast 01.07.2019
Company Name : SIEMENS LTD (SIEMENS)
Sector : Infrastructure
- Upcoming capex in steel, cement and chemical companies are expected to be major beneficiaries of this digitalization and automation.
- Order book of Rs 132 billion shows revenue visibility of 24 months.
- Order inflows for H1FY20 has grown by 13.6% to Rs 70 billion.
- We expect order inflows to show strong growth due to railways, metro projects and automation orders from steel industry.
- Expect sales to grow at 12%.
Current Rate: 1315, Target: 1380, Duration: long term