Siemens stock outlook: This stock from the engineering and capital goods industry could slide by another 18% if the key supports at Rs 5,600 and Rs 5,400 are violated shows technical chart.
Siemens has plans of capex of Rs 1,100 crore to expand capacity to meet incremental domestic and export opportunities
In its analysts meeting, the heavy electrical equipment company highlighted growth opportunities from new-age technologies such as semiconductors, batteries, photo voltaic, and electric vehicles
Siemens share price: Earlier, on June 4, 2024, Siemens share price had tanked 20 per cent in intraday trade
Siemens Ltd on Thursday announced the appointment of Harish Shekar as Chief Financial Officer of the company's energy business with effect from January 1, 2025. Shekar has been the head of accounting and controlling of Siemens Ltd, India since 2018, a BSE filing said. Prior to 2018, he held the position of head of shareholder controlling at Siemens AG, Germany, and was also responsible for Asia and Middle East as Country CFO of Egypt, with additional responsibility as energy sector controller. According to the filing, Shekar has been with Siemens for over 27 years, holding several senior management positions in India and abroad. His expertise spans corporate finance, mergers and acquisitions, accounting and audit. Before joining Siemens in 1997, he was with a leading financial services company. Shekar is a chartered accountant and a cost accountant. Meanwhile, the company also announced that Vineet Rastogi has been appointed as the head of accounting and controlling of the compan
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