External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>We attended Siemens India’s (SIL) analyst day, where management highlighted a possible pick-up in the private sector capex as private consumption increases on the back of recent income tax and GST rate cuts</li><li>The impact of tariff on exports continues to be an overhang and conclusion of the trade deal with the US will improve sentiment for incurring capex</li><li>Further, the government capex continues to drive growth as visible in new order inflow (OI) for Smart Infrastructure (SI) and Mobility (MO) witnessing growth of 21% and 34% (5-year CAGR, FY21-25) and revenue growth of 20% and 38% (5-year CAGR, FY21-25)</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We attended Siemens India’s (SIL) analyst day, where management highlighted a possible pick-up in the private sector capex as private consumption increases on the back of recent income tax and GST rate cutsThe impact of tariff on exports continues to be an overhang and conclusion of the trade deal with the US will improve sentiment for incurring capexFurther, the government capex continues to drive growth as visible in new order inflow (OI) for Smart Infrastructure (SI) and Mobility (MO) witnessing growth of 21% and 34% (5-year CAGR, FY21-25) and revenue growth of 20% and 38% (5-year CAGR, FY21-25)Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Siemens: Bottoming Out, Capex Recovery. Maintain BUY

Siemens Ltd

Siemens: Bottoming Out, Capex Recovery. Maintain BUY