Along with ABB , Siemens is an important scrip that every serious India-centric investor must have in the long term Portfolio. Siemens is a leader in the Power Equipment & Control Instrumentation space and well placed to tap the Indian Power/ Capital Goods/ Healthcare Sector. It is a subsidiary of the German MNC Siemens AG.
In terms of market performance Siemens at CMP of Rs 922 is trading close to its 52 week high of Rs 951 at a PE (TTM) multiple of approx. 33. Its market performance over the last year has been excellent with returns of about 27%, helped to some extent by the delisting buzz as well as the earlier concluded open-offer.
Its 200 DMA is at 842 and the 50 DMA at 889. As such, this is one scrip that has held its own in a volatile Market ; even in H1 CY 2011 when the Market bias was negative it has never cracked and has given steady returns.
Its Results in the last two quarters in particular have been good and it has done reasonably well in this Quarter ie Q3 (it has a October to October FY) as well, registering steady growth in the Industry, Power as well as Healthcare segments as also held its bottomline despite the inflationary trend in raw material inputs..
Siemens seems to be a good investment buy on all possible dips around levels of around Rs 900, for the long term investor.
In terms of market performance Siemens at CMP of Rs 922 is trading close to its 52 week high of Rs 951 at a PE (TTM) multiple of approx. 33. Its market performance over the last year has been excellent with returns of about 27%, helped to some extent by the delisting buzz as well as the earlier concluded open-offer.
Its 200 DMA is at 842 and the 50 DMA at 889. As such, this is one scrip that has held its own in a volatile Market ; even in H1 CY 2011 when the Market bias was negative it has never cracked and has given steady returns.
Its Results in the last two quarters in particular have been good and it has done reasonably well in this Quarter ie Q3 (it has a October to October FY) as well, registering steady growth in the Industry, Power as well as Healthcare segments as also held its bottomline despite the inflationary trend in raw material inputs..
Siemens seems to be a good investment buy on all possible dips around levels of around Rs 900, for the long term investor.
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