BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Religare maintains sell on Siemens India
Siemens' fourth quarter earnings were in-line with estimates. The stock is pricing in the likely improvement in capex cycle over the next two years. Current valuations prohibitive given the middling returns and growth profile.