Siemens

Large order inflow is likely over next 12-24 months such as 4-5 high voltage direct current (HVDC) electric transmission, locos or train sets among others

Stock Market Highlights: NTPC Green Energy, which made its debut today, ended higher by 8.74 per cent at Rs 121.25 on the NSE, from its IPO allotment price of Rs 108

Shares of Siemens climbed 5 per cent at Rs 7,614 a piece on the BSE in Wednesday intraday trade after reporting robust quarterly earnings in the fourth quarter of financial year 2023-24 (Q4FY24)

Nifty has remained oversold for some time and it may be late for some profit booking. We may still see sell on rises in the near term

India development centre driving AI and generative AI-related development

The capital goods sector's long-term outlook remains strong across segments as companies focus on energy transition globally, on top of manufacturing localisation and infra development pace in India.

Tata Power is trading near its all-time high price and given a range breakout on the weekly chart. The ADX indicator has turned up which supports the bullish trend.

Recently, Adani Power broke through a key bearish trendline on the daily chart, suggesting a potential reversal in momentum from its previous downtrend.

Siemens Limited, as part of a consortium along with Rail Vikas Nigam Limited, has secured an order worth Rs 766 crore from Bangalore Metro Rail Corporation Limited for electrification of Bengaluru Metro Phase 2 project contributing to sustainable public transport in the city, officials said on Wednesday. Siemens Limited's share as part of the consortium is approximately Rs 558 crore, they said. In a statement, Siemens Limited said it will design, engineer, install and commission rail electrification technologies as well as a digital solution comprising Supervisory Control and Data Acquisition (SCADA) systems. The project covers 30 stations spanning over 58 km connecting Bengaluru Airport terminal to Central Silk Board via KR Puram and two depots. With this order, Siemens is present in 11 out of 20 cities that have a Metro in India, it stated. "The implementation of Phase 2 will significantly contribute to sustainable urban development in Bengaluru, catering to the requirements of .

Hindustan Copper was trading in a downward sloping channel and has now provided a breakout

Siemens is best placed to support India in its growth story, whether in energy, infrastructure, manufacturing or mobility, as per analysts

In the past six months, the BSE Capital Goods index has outperformed the market by surging 31%, as against a 11% rally in the S&P BSE Sensex.

Siemens stock update: In past three trading days, Siemens stock has rallied 17 per cent, while, in past one month, it has zoomed 33 per cent.

At 6:55 AM, GIFT Nifty futures was trading 73 points higher at 22,382.50 levels compared to Nifty50 futures, indicating a positive start for the bourses

Announces demerger of energy business into a separate listed entity, incremental capex of Rs 500 crore

Technology firm Siemens Ltd on Tuesday posted nearly 74 per cent rise in March quarter profit after tax at Rs 896 crore, mainly on the back of higher revenues. The company, which follows October-September financial year, had logged a profit after tax (PAT) of Rs 516 crore in the year-ago quarter, Siemens said in a statement. The company said it received new orders worth Rs 5,184 crore. Revenue during the quarter stood at Rs 5,248 crore, a 19 per cent increase over Rs 4,400 crore in March quarter 2023. Managing Director and Chief Executive Officer Sunil Mathur said the second quarter showed a robust growth in revenues built off a strong order backlog. Some large orders have been deferred. There has also been a slowdown in ordering of industrial automation products due to normalization of demand following shorter delivery cycles, he stated. "Our growth in profits include volume and price effects, continued productivity measures as also gains on account of sale of property and divid

Rebellius, head of Siemens' Smart Infrastructure business, said India was a priority for future investments as it upgrades its electric grid and invests in renewable energy

Siemens Ltd on Tuesday posted a 9.2 per cent rise in net profit at Rs 505.7 crore in the first quarter ended December 31 due to higher revenues. The company follows the October to September fiscal year. It had reported a net profit of Rs 462.7 crore in the October-December period of the preceding financial year, Siemens Ltd said in an exchange filing. Its total income rose to Rs 4,989.3 crore over Rs 4,116.8 crore a year ago. Expenses stood at Rs 4,311 crore as against Rs 3,495.7 crore in the first quarter of last fiscal. In a separate statement, the company said it has received new orders of Rs 5,971 crore in the first quarter, a 10 per cent increase over the same period of last year. The first quarter (result) includes significant gain of Rs 103 crore due to positive effects of foreign exchange and commodities, the company said. Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, "While strong revenues came in from our digital industries, smart

The CBI has booked Chennai-based Siemens Gamesa Renewable Power and three retired officials of SJVN, among others, for allegedly causing a Rs 191-crore loss to the PSU because of irregularities in the installation of its wind power plant in Ahmednagar, officials said on Wednesday. The agency has booked three retired senior officers -- RK Agarwal (executive director), Sanjay Uppal (chief general manager) and AK Jindal (deputy general manager) -- of SJVN Limited (earlier known as Satluj Jal Vidyut Nigam), besides Power Energy Consultants representatives Vineet Sharma and CM Jain and Chennai-based Gamesa Wind Turbines Private Limited (now known as Siemens Gamesa Renewable Power Private Limited), they said. Queries seeking a reaction from Siemens Gamesa Renewable Power remained unanswered. After registering the FIR, the Central Bureau of Investigation (CBI) conducted searches at seven places in Delhi, Ghaziabad, Gurugram, Samana in Punjab's Patiala district and Chennai, on the premises

Closing Bell on Tuesday December 19: Among sectors, the Nifty FMCG index rose 1.4 per cent , followed by the Nifty PSU Bank (up 0.8 per cent)