NEW DELHI: German MNC Siemens on Wednesday announced plans to complete the demerger of its Indian unit Siemens Ltd in 2025, significantly earlier than previously planned. To accelerate the demerger plan, Siemens AG said it will acquire 18% stake in Siemens Ltd India for a purchase price of €2.1 billion from Siemens Energy. “This would … Read more
Global brokerage firm Credit Suisse maintained its neutral rating on , JPMorgan remained overweight on and Jefferies maintained a buy rating on . We have collated a list of recommendations by top brokerage firms from ET NOW and other sources: Credit Suisse on Siemens: Neutral| Target Rs 2825| LTP Rs 3037Credit Suisse maintained its neutral … Read more
Siemens, a heavy electrical equipment maker, witnessed a breakout from a six-month-long consolidation which suggests that the momentum is here to stay. The stock with a market capitalisation of more than Rs 91,000 crore hit a 52-week high of Rs 2,586 on 5 July 2022 which resulted in a breakout above the neckline of the … Read more