Stock in the green, strong order momentum to power gains for Siemens

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

Record order inflows, improving business outlook, and prospects of margin expansion led to an earnings upgrade for capital goods major Siemens. The positive outlook on the stock follows management commentary on growth opportunities in an analyst meeting last week. Given the outlook, the stock was in the green over the past two trading sessions amid weak market conditions.

A key takeaway was the all-time high order book at Rs 17,170 crore at the end of the second quarter of 2021-22 (FY22). This was up 61.4 per cent year-on-year (YoY).

Its financial year ends in September.

The order book is 1.3x