Siemens’ shares declined 5.5 per cent to Rs 2,152 apiece on the BSE on Thursday as the company's earnings missed Street estimates amidst pressure on margins.
Yet, most brokerages have a neutral, buy or outperform recommendation even as cost pressures may continue in the near-term. They believe that Siemens is poised to benefit in the long term as private capital expenditure improves, thanks to diverse end-market exposure and product portfolio.
“The company’s addressable market opportunity has been expanding, led by improving private capex spending and larger manufacturing footprint. Unlike peers, Siemens is a play on both public infrastructure, private capex revival with additional upside from new segments,” Edelweiss report said.
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