Improving fundamentals, course correction add power to Siemens stock

Sharper business focus, relatively favourable valuations also augur well for the firm

A stock hitting fresh highs in successive trading days is usually a signal to investors to pull some money out of the table. And that too if the stock is of a capital equipment maker, given the backdrop of a slowing economy.

However, for Siemens, which hit an all-time high again on Monday (Rs 1,604) and gained over 30 per cent in three months, the need to turn cautious aren’t visible yet. While it may be a good idea to book profit, at least partially, it appears that there is more steam left in the rally, thanks to the improving fundamentals. 

The