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>Siemens India’s (SIL) standalone results Q4FY24 recap— revenue/EBITDA/APAT of INR 59.74/8.5/7.7bn beat our estimates by 0.1/2.7/11.5%</li><li>SIL highlighted Government capex recovery in H1FY25 and private capex from H2FY25 (this is a two-quarter delay vs expectations)</li><li>Demerger of energy business is expected during the latter half of CY25</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>

Siemens India’s (SIL) standalone results Q4FY24 recap— revenue/EBITDA/APAT of INR 59.74/8.5/7.7bn beat our estimates by 0.1/2.7/11.5%SIL highlighted Government capex recovery in H1FY25 and private capex from H2FY25 (this is a two-quarter delay vs expectations)Demerger of energy business is expected during the latter half of CY25Content 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: Capex Recovery to Drive Growth. Maintain BUY

Siemens Ltd

Siemens: Capex Recovery to Drive Growth. Maintain BUY