SIEMENS ENERGY
India to be deep tech powerhouse and big part of Siemens' game plan
Siemens AG plans to increase software and digital services sales to 20%, with India being a key player in this strategy, according to CEO Roland Busch. The company has invested in expanding its software portfolio and collaborating with Microsoft on AI technology. India is a vital region for Siemens, where it aims to grow its human resources capital and manufacturing capabilities, targeting both local and global markets.
Hydrogen sector asks EU to help local firms compete with China
The companies want Brussels to do more to ensure Europe-made equipment powers the EU's plan by 2030 to produce 10 million tonnes of renewable hydrogen using electrolysers, machines that use electricity to split water to produce the green fuel.
Sembcorp files suit against Siemens Gamesa over unsettled arbitration
Sembcorp's India unit has filed a lawsuit in a Bengaluru court to prevent Siemens Gamesa from selling its Indian business assets before settling an ongoing arbitration. The arbitration pertains to alleged default in executing a contract. Sembcorp has sought an injunction over the sale, which includes Siemens Gamesa's shareholding in India.
Industrials strong, but be careful about valuations: Hiren Dasani of Goldman Sachs Asset Mgmt
"Emerging market equities, as an asset class, are not seeing inflows. They have seen outflows. The US is doing much better than the broader emerging market. The other dynamic is there is also a very strong AI (artificial intelligence)-driven theme that is driving the markets like Taiwan, which is a global supply chain for the entire AI-related and semiconductor segments"
Auto, auto ancillary sector a good theme to play the rural recovery: Devang Mehta
Some of the FMCG participants also came in this analyst guidance that most of these companies are now trying to come back and there was a decent volume growth which is seen.
Nifty bull case target at 27,100, says Prabudas Lilladher. Bets on Reliance, ITC
Domestic brokerage firm Prabhudas Lilladher said that it values Nifty at 5% premium to 15-year average PE 20.2x to arrive at bull case target of 27,102 as it showed conviction on large cap firms like ITC, RIL, HDFC Bank among others.
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Stocks in news: L&T Finance, Ambuja Cement, Vodafone Idea, Puravankara, Wipro
Equity indices hit record levels on Thursday after lower-than-expected inflation hints at RBI interest rate cut. L&T Finance, Ambuja Cement, Vodafone Idea, Puravankara, NITCO, Wipro, Nalco, Suven Pharma, and MosChip Technology make significant moves. Adani Group-owned Ambuja Cement acquires Penna Cement at Rs 10,422 crore. Morgan Stanley buys 3.13 crore equity shares in L&T Finance.
If PM Narendra Modi wins election, buy these 7 industrial stocks: Jefferies
Jefferies has listed HAL, L&T and ABB India among top 7 stocks that can rally up to 33% if Narendra Modi-led NDA retains power in the general elections.
Suzlon looking at a much stronger balance sheet at the end of FY25: CFO
Himanshu Mody, CFO of Suzlon Group, highlights their unique Make in India turbine, tailored for India's weather conditions based on Atmanirbhar Bharat principles. Mody said: "In our manufacturing business, the country will add about 5 gigawatts in FY25 and we have close to a 27% to 30% market share historically. Our endeavour will be to continue with that market share. "
Cochin Shipyard gets EUR 60 million order for hybrid SOVs from UK operator
CSL said the hybrid SOVs are the workhorse of the growing, highly specialised renewables segment, in which it is actively looking forward with their proven track-record in the offshore support vessels.
Banking sector is the place to be, don’t be put off by FII selling: Andrew Holland
Andrew Holland, CEO of Avendus Capital Public Markets Alternate Strategies LLP, discusses the impact of FII selling on bank stocks and the upcoming market trends post-elections. Coming to pharma, Holland says the bottom was hit some months back for the whole sector and the prospects are starting to look better not just locally but overseas as well.
European shares muted as losses in energy offset gains in financials
The benchmark index hit a record high on Wednesday, as lesser-than-expected rise in U.S. consumer prices in April boosted bets for a September Federal Reserve rate cut.
Valuation comfort in capital goods stocks? Stay invested & wait for dips: Renu Baid Pugalia
Renu Baid Pugalia of IIFL Institutional Equities discusses the earnings upgrades for Larsen & Toubro, ABB, and Siemens in the capital goods sector, highlighting the valuation struggles. She also mentions the positive outlook for MNC subsidiaries like Siemens and identifies potential value in companies such as Cummins and Transformers & Rectifiers.
Siemens shares surge nearly 9% after brokerages raise price target up to Rs 8,000
Siemens shares soared 8.9% to a new 52-week high of Rs 7,243.60 on BSE following increased target prices by brokerages. The company also approved a scheme to demerge its energy business into a separate listed entity.
Stocks in news: PFC, Mankind Pharma, Patanjali Foods, Bharti Airtel, Siemens, Cipla
Benchmark equities surged for the third consecutive day on Tuesday. PFC, Mankind Pharma, Patanjali Foods, Bharti Airtel, Siemens, and Cipla are in focus for news developments and quarterly results. RVNL, Dixon, and Titagarh will also announce their fourth quarter results today.
Siemens board approves demerger of energy biz into a separate listed entity
As per the scheme of arrangement, shareholders will get one share of Siemens Energy for every one share they hold of Siemens.
Technical Breakout Stocks: How to trade ABB India, Siemens and Polycab India on Tuesday
The S&P BSE Sensex rallied over 100 points while the Nifty50 closed above the 22,100 level. Sectorally, buying was seen in healthcare, realty and capital goods stocks while public sector, oil & gas, energy and auto stocks saw some selling pressure.
European shares open higher on earnings-driven optimism
The pan-European STOXX 600 was up 0.3%, as of 0720 GMT, to its highest levels in more than one month
Green energy stocks surge up to 600%! Why green is the new gold on Dalal Street
Green energy stocks surge on Dalal Street with up to 600% returns fueled by India's renewable energy growth. Investors eye opportunities in the sector, driven by ambitious targets, support from Morgan Stanley, and initiatives like the rooftop solar scheme under Pradhanmantri Suryodaya Yojana.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 49%
It is after a long period of time that on Friday bears are visible in both segments of market, in the broader market like indices like Nifty and Sensex, but also in the broader market breadth. There is no major follow up in today's trading session, but given the fact valuations are expensive it would be better to still be cautious. In such times, stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Capital Goods have the power to rally further
Based on meetings with six players focused on the T&D space and analysis of 12 players' commentaries, the brokerage said the pipeline of projects approved by the Central Electricity Authority of India (CEA) stands robust for next 2-3 years and is likely to be positive for most players in the value chain for the next 4-5 years. "Increase in market shares may result in 15-20% growth in T&D or energy segment inflows and revenues.
Nifty may test 25,800 in run-up to election results, says Prabhudas; picks 17 stocks to buy
PL has picked 7 largecap counters viz. HDFC Bank, ICICI Bank, Larsen & Toubro (L&T), Max Healthcare Institute, Maruti Suzuki, Reliance Industries (RIL) and Siemens. In the mid and smallcap universe, the top buys include the likes of Astral, Can Fin Homes, Eris Lifesciences, Grindwell Norton, Navneet Education, Praj Industries, RR Kabel, Safari Industries (India), Sunteck Realty and TCI Express.
How rising summer demand & Sec 11 extension may benefit 3 power companies: Rupesh D Sankh
Rupesh D Sankhe discusses the strong fundamentals in the power sector, with some companies facing stretched valuations. Opportunities exist in renewable energy sectors and ancillary companies like smart meter manufacturers and HVDC companies. Sankhe says: "With the kind of investment that is happening on the solar, wind side, companies like Suzon Energy, Inox Wind will benefit from the RTC tenders as well as the wind auction which is happening."
Who will get D-Street's vote: Stocks to benefit from a BJP win in polls
"The BJP manifesto has a strong positive read-through for Indian equities," said Seshadri Sen, head of research at Emkay Global Financial Services. "Railways, defence, housing mortgages, tourism, and aviation are direct beneficiaries; while textiles and pharma API are probable winners."
MFs voice 'noes' loudly at governance shortfalls
Data from primeinfobase.com showed the percentage of votes opposing resolutions soared to a record high of 8.55% in FY24, a notable leap from 7% in FY23 and 4.62% in FY22. This substantial increase aligns their position more closely with the practices observed in developed markets, where institutional investors typically oppose 8-10% of resolutions proposed by companies.
Siemens India to spinoff energy operations
Siemens Ltd. has approved a proposed demerger of its energy business into a separate unit, with the Indian unit of the German engineering firm Siemens AG also approving the immediate incorporation of a wholly-owned unit in Mumbai. This comes a month after Siemens AG announced it will buy an 18% stake in subsidiary Siemens Ltd for €2.1 billion.
Siemens Ltd Demerger: Siemens AG to buy Siemens Energy's stake for €2.1 billion
"This would increase Siemens’ stake in the publicly listed Siemens Ltd India from 51% to 69%, while Siemens Energy’s stake would decrease from 24% to 6%. With the intended acquisition, Siemens and Siemens Energy accelerate unbundling the business activities of the Indian subsidiary of Siemens," the company said in a statement.
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