Budget 2017: What may be in store for Siemens stock

A look at how the stock has moved in the past year and what it may get from Budget 2017

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Given its focus on the power sector, expectations of a likely Budget push towards renewable energy or even conventional power plants have helped the Siemens stock price gain ahead of the Budget session. While major announcements for the power sector are spelt out post Budget, the event is critical as it helps companies like Siemens plan for the next financial year. 

Current Budget: As Siemens is present in roads to wind power energy through its recent Vestas acquisition, hopes that the government could extend more goodies to meet its renewable energy target of 175 Gw of capacity by 2022 is propelling the stock for now. Also, since the Railway Budget has been clubbed with the Union Budget, there could be a lot to keep track of this year for Siemens, which is also a major player in the railway equipment business. 

Note: Net sales and net profit are for trailing 12 months ended September 2016; Price, market cap and PE ratio are as on Jan 25, 2017; sales, profit and market cap figures are rounded off. Source Capitaline/Exchange

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