Siemens India

Analysts at Emkay Global Financial Services uphold their constructive view on the sector, driven by its strong tender pipeline, softening commodity prices and expectation of good order inflow growth.

Stocks to watch today: While Eicher Motors posted 62.4 per cent year-on-year (YoY) jump in the December quarter (Q3FY23) profit, Vodafone Idea's net loss widened 10.5 per cent YoY to Rs 7,990 crore

Siemens Ltd on Tuesday posted 85 per cent rise in consolidated net profit at Rs 462.7 crore for December quarter on the back of higher revenues. In the year-ago period, net profit of the company was Rs 250 crore, as per a BSE filing. The company follows October-September financial year. Total income rose to Rs 4,116.8 crore in the quarter from Rs 3,480.9 crore in the same period a year ago. It said Willem Rudolf Basson has tendered his resignation as director of the company, with effect from May 1, 2023, due to other commitments. The company's board, based on the recommendation of the Nomination and Remuneration Committee, has appointed Juergen Wagner as an Additional Director (non-executive non-independent) of the company. Wagner's appointment is with effect from May 1, 2023 or on allotment of Director Identification Number (by Ministry of Corporate Affairs), whichever is later, subject to approval of members of the company. Wagner is not related to any director of the company

CLOSING BELL: The NSE Nifty shut shop at 18,015, up 208 points. Broader indices outperformed the benchmarks with gains of up to 3 per cent.

Revenue growth estimates have moderated post Q2 but the bottom may be close

Germany's Siemens Healthineers on Friday announced strategic partnerships with HealthCare Global Enterprises, Narayana Health and the Indian Institute of Science as part of its strategy to make India an innovation centre for its global operations. The medical technology company said the partnerships will focus on fighting the most threatening diseases, enabling efficient operations and expanding access to patient care. In a virtual press conference, Siemens Healthineers Chief Technology Officer Peter Schardt said the partnership with HealthCare Global Enterprises Ltd (HCG) will focus on advancing cancer care with patient-centric solutions for the entire clinical pathway. It will also look to enhance research on diagnostic imaging technologies, artificial intelligence and precision therapy based on intelligent and image-guided treatment. With Narayana Health (NH), Schardt said the focus will be on improving cardiovascular care and the usage of interdisciplinary solutions to optimise

The company not experiencing a slowing down in public and private capex spending; however, concerned about global headwinds impacting demand which could result in a slowdown in Capex spending.

Product mix, operating leverage, and price hikes to help expand margins

Stocks to Watch Today: Bandhan Bank, BoB, Eicher Motors, Escorts, REC, SBI, Tech Mahindra and UCO Bank are likely to be in focus ahead of Q4 results; Delhivery and Venus Pipes IPOs close on Friday.

Stocks to Watch Today: Aditya Birla Capital, Apollo Tyres, GSPL, HCC, L&T, RBL Bank, Siemens and Tata Motors ahead of Q4 earnings; Prudent Corporate Advisory Services IPO to close on Thursday.

December quarter was mixed with steady revenue, but margins were a miss

As government investment in infrastructure continues and capacity utilization levels increase, the management believes tendering for private sector Capex will pick up in the months ahead

JSW Hydro Energy, an arm of JSW Energy, has raised $707 million from an international green bond issue that was oversubscribed by over four times, merchant bankers said on Monday

Siemens on Monday said it has signed pacts with Indian Institute of Science (IISc) and Central Manufacturing Technology Institute (CMTI) to set up digital transformation labs

Siemens Gamesa Renewable Energy's India unit fired a top executive after an investigation found he failed to conduct appropriate due diligence when engaging a consultancy with political connections

Riding on improved profitability, stock rose 12 per cent on Thursday

On a weekly chart, L&T faces resistance at Rs 1,165 levels, which is its 200-weekly moving average (WMA)

The stock price of Adani Ports has formed a triple top formation on the daily chart at around 365 levels

Siemens has an agreement to acquire 99 per cent equity in New Delhi-based C&S Electric for around Rs 2,100 crore

The current chart formation, along with the positioning of the confirmation indicators, are all pointing towards a fresh breakout ahead in Axis Bank's stock