Siemens

** Shares of Siemens SIEM.NS fall 3.6% to 3,543.3 rupees

** Infrastructure tech firm's Q4 consol PAT falls 9.6% Y/Y, hurt by higher commodity prices and depreciating INR; rev up 14.6%

** Stock rated "buy" on avg; median PT 3,409 rupees - data compiled by LSEG

** Stock up 18.6% YTD

(Reporting by Aleef Jahan in Bengaluru)

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May 26 (Reuters) - Siemens Ltd SIEM.NS:

• RECOMMENDS DIVIDEND OF 18 RUPEES PER SHARE FOR EIGHTEEN MONTHS FY ENDED MAR 31, 2026

Source text: ID:nNSEdxgwc

Further company coverage: SIEM.NS

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Feb 6 (Reuters) - Siemens Ltd SIEM.NS:

• SIEMENS LTD DEC-QUARTER CONSOL NET PROFIT 4.77 BILLION RUPEES

• SIEMENS LTD - APPROVES AMALGAMATION OF SIEMENS RAIL AUTOMATION WITH CO

• SIEMENS LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 38.31 BILLION RUPEES

• SIEMENS LTD - INDEFINITELY DEFERS CAPEX OF 1.86 BILLION RUPEES FOR METRO CAR ASSEMBLY SETUP

Source text: ID:nBSE7Ynn2c

Further company coverage: SIEM.NS

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Feb 5 (Reuters) - Siemens Ltd SIEM.NS:

• SIEMENS LTD - RECEIVES SHOW CAUSE NOTICE FOR REFUND CLAIM OF 214.98 MILLION RUPEES

Source text: ID:nNSE95pF0Z

Further company coverage: SIEM.NS

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** Siemens India's SIEM.NS shares rise as much as 4.69%, biggest intraday jump in six months, to 3229 rupees

** Rise despite a 7% year-on-year drop in the September quarter profit to 4.85 billion rupees as higher raw material costs offset a 16% jump in revenue

** Despite the profit fall, brokerages see strong order inflows worth 48 billion rupees ($541.71 million) during Q2 as a major positive

** Resilience in smart infrastructure and mobility businesses to also aid earnings for the technology firm focussed on the two segments

** PhillipCapital reiterates "buy", remaining "constructive" on SIEM given the robust six-quarter order inflows of 293 billion rupees

** HDFC Securities says the worst is over for SIEM as the company's business is showing signs of recovery

** Prabhudas Lilladher sees gains for SIEM from traction in public capex, diversified presence across industries and product localization

** SIEM shares are down 9.3% in 2025 so far, lagging the 3.4% rise in the Nifty Energy index .NIFTYENR

($1 = 88.6090 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Siemens SIEM.NS fall 3% to 3,072 rupees

** BofA Securities says despite 27% drop in June quarter profit and earnings cuts by brokerages, stock has been largely flat since June, leading to valuation expansion

** SIEM is trading at a 12-month forward P/E of 46 times, close to its 10-year average

** BofA expects about 7% earnings growth over the next few quarters, which could ease valuations to 44 times

** Says, SIEM is due for another round of earnings cuts due to slowing execution in smart infrastructure business and softening momentum in digital industries

** Still, BofA lifts its target price to 2,800 rupees from 2,564, rolling forward its valuation horizon by six months

** BofA's revised target implies an 11.5% downside to last close, from 19% downside earlier

** SIEM shares down 7% in 2025, underperforming the Nifty Next 50's .NN50 1.2% decline

(Reporting by Nishit Navin in Bengaluru)

(([email protected]))

** Shares of Siemens Ltd SIEM.NS ~2.3% to 3,100 rupees, their highest point since July 26

** The electrical power provider's third-quarterly orders up 13% at 56.8 billion rupees ($648.62 million) y/y, order backlog expands by 8% to 428.4 billion rupees

** UBS ("buy", PT: 4,200 rupees) cuts FY25 EBITDA estimates by 5% to reflect the Q3 miss and says a balanced mix of short- and long-cycle businesses and order book keeps the management upbeat

** More than 713,000 shares traded, nearly 1.5x of their 30-day avg

** Eleven analysts covering SIEM have a "buy" rating on average, median PT is 3,550 rupees - data compiled by LSEG

** Stock down ~10 %, YTD

($1 = 87.5712 Indian rupees)

(Reporting by Urvi Dugar)

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July 11 (Reuters) - Siemens Ltd SIEM.NS:

• SIEMENS LTD - RECEIVES ORDERS WORTH ABOUT 7.73 BILLION RUPEES

Source text: [ID:]

Further company coverage: SIEM.NS

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** Shares of Siemens Energy India SIEE.NS were trading 2.1% lower on first day of trading at 2,780.1 rupees

** Stock opened at 2,840 rupees vs discovered price of 2,478.2 rupees

** Siemens Ltd SIEM.NS spun off its energy business to focus more on core business that meets demands of shareholders at German parent, Siemens AG SIEGn.DE; SIEM was down 2.1% at 3,284 rupees

** SIEE provides products and solutions across energy production, power generation and transmission

** Antique Stock Broking, HDFC Securities Research initiate coverage on stock with "buy" rating each

** Analysts said strong infrastructure, facilities and exclusive business rights in countries including Bhutan, Nepal, Sri Lanka and Maldives to act as significant advantages for co's growth

** Jefferies analysts said SIEE is country's largest pure-play T&D equipment player

** Siemens shareholders will receive one Siemens Energy India share for every SIEM share held

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Siemens Ltd SIEM.NS rise 2.1% to 3,340 rupees

** Consortium of Dineshchandra R Agrawal Infracon, SIEM, and

Siemens Mobility gets contract from National High Speed Rail

Corp for rail project

** Order includes SIEM's share of 12.3 bln rupees ($142.8 mln) for installation and 15-year maintenance of advanced signaling and telecommunications technologies

** SIEM down ~2% YTD

($1 = 86.1240 Indian rupees)

(Reporting by Vijay Malkar)

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April 14 (Reuters) - Siemens Ltd SIEM.NS:

• SIEMENS LTD - SIEMENS ENERGY INDIA ALLOTS 356.1 MILLION SHARES TO SIEMENS LTD SHAREHOLDERS

• SIEMENS LTD - SHARE ENTITLEMENT RATIO 1:1 FOR SEIL AND SL SHAREHOLDERS

Source text: ID:nBSEc1kTlV

Further company coverage: SIEM.NS

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April 1 (Reuters) - Siemens Ltd SIEM.NS:

• SIEMENS LTD - SUNIL MATHUR APPOINTED CHAIRMAN OF SIEMENS ENERGY INDIA BOARD

Source text: ID:nBSE8bfr24

Further company coverage: SIEM.NS

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** Electrical power provider Siemens Ltd SIEM.NS rise 7% to 5,477.5 rupees, top gainer in the Nifty 100 .NIFTY100 index

** Stock on track for biggest one day pct gain in four months

** The National Company Law Tribunal approves the demerger of co's energy business

** Shareholders in the co to get 1 share of demerged Siemens Energy India for every share of Siemens they own

** With session's gains, stock up ~7% in the last 12 months

(Reporting by Ananta Agarwal in Bengaluru)

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** Shares of Siemens SIEM.NS fall 2% after Jefferies removes investment in industrial co in its key portfolio

** "Weightage of four Chinese stocks in the Asia ex-Japan long-only portfolio will be increased by one percentage point each by removing investment in SIEM," says Chris Wood, global equity head of Jefferies

** Despite losses on the day, SIEM up 10.7% this week, set to snap four-week losing streak, in which it declined 24%

** Jefferies had reiterated "buy" on SIEM earlier in the week, citing potential for margin expansion and value unlocking from energy business demerger

** Average rating of 21 analysts is "buy", with median TP at 6,255.5 rupees - data compiled by LSEG

** SIEM down 22% YTD vs 10% and 5.5% drop in energy .NIFTYENR and infra .NIFTYINFR indexes, of which it is a constituent

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Siemens SIEM.NS rise 3.7% to 4,792.9 rupees; snap five-day losing streak

** Co to see margin expansion with revenue growth aided by increased spending in transmission and distribution, decarbonization, automation - Jefferies

** Adds, energy demerger to add 8%-21% to market price, unlocking value similar to Hitachi Energy HITN.NS and GE Vernova GETD.NS

** Jefferies reiterates "buy" rating on stock; maintains PT of 7,215 rupees

** 21 analysts covering the stock on avg have a "buy" rating; median PT is 6,255 rupees - data compiled by LSEG

** Stock has shed 29% so far this year vs 22% and 36% falls in HITN and GETD, respectively

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Feb 12 (Reuters) - Siemens Ltd SIEM.NS:

• DEC-QUARTER CONSOL NET PROFIT 6.14 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 35.87 BILLION RUPEES

Source text: ID:nnAPN2ND560

Further company coverage: SIEM.NS

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Updates with details, market reaction and analyst quotes

MUMBAI, Feb 1 (Reuters) - India's federal government will spend a record 11.21 trillion rupees ($129.54 billion) on infrastructure in the upcoming financial year that begins on April 1, but the increase in planned spending disappointed markets.

The spending plan is slightly higher than the revised 10.18 trillion rupees for the current fiscal year, as per budget documents.

Alongside this, the government has set aside 1.5 trillion rupees for 50-year interest-free loans to states for infrastructure development for 2025-26.

WHY IT'S IMPORTANT

India significantly raised spending on infrastructure after the COVID-19 pandemic, as it tried to boost economic growth and create more jobs in the world's most populous country.

However, the government failed to meet its planned capital spending target of 11.11 trillion rupees in the current financial year.

Growth in Asia's third-largest economy is seen slowing to 6.4% in the current fiscal year, from 8.2% in the previous year, prompting calls for measures to kick-start private investment and job creation.

A failure to create enough well-paying jobs in a country of more than 1.4 billion people, where the majority are under the age of 30, has led to curtailed consumption and investment.

GRAPHIC

KEY QUOTES

"The next year's capex target has seen 10% increase, which will be positive for crowding in private investments," said Sonal Badhan, economist at Bank of Baroda.

"We believe that ~10% growth in capex budget from downward my revised FY25 levels while balancing focus on the fiscal consolidation roadmap is a positive," said Kanika Pasricha, economist at Union Bank of India.

"More importantly, demand stimulus via tax cuts is likely to further help support pickup in private capex recovery even as public capex is hitting absorptive capacity in recent years," Pasricha said.

MARKET REACTION

Stocks of capital goods companies such as Larsen & Toubro LART.NS declined 4%, while Siemens SIEM.NS and BEML BEML.NS fell 5.3% and 1.3% respectively.

($1 = 86.5360 Indian rupees)

(Reporting by Siddhi Nayak; Editing by Varun H K)

(([email protected]; +91 22 6921 7848; Reuters Messaging: X: https://twitter.com/siddhiVnayak))

** Siemens India SIEM.NS down ~1% at 6,796 rupees, set for 5th straight day of declines

** Nuvama cuts rating to "hold" from "buy" and TP to 7,000 rupees from 8,350 rupees after Q4 earnings call on Friday

** Nuvama sees delay in high-voltage direct current (HVDC) orders as India prefers line-commutated converters (LCC) tech

** Nuvama notes slow orders for locos/trainsets, with higher share likely going to Indian Railways' factories

** 21 analysts' avg rating is equivalent of "buy", mean PT is ~7,006 rupees -LSEG data

** Stock up ~69% YTD, on track for sixth straight yearly gain

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

** Shares of Siemens SIEM.NS rise 4.1% of 7,538 rupees apiece

** Capital goods company posts a 45.4% jump in consolidated net profit in the September quarter

** At least three brokerages reiterated positive outlook after the quarterly results on Tuesday, citing strength in order inflows and revenue outlook

** Prabhudas Lilladher says SIEM is well-positioned for sustained growth due to government spending on infrastructure and a likely resurgence in private capex

** Robust order inflows in smart infrastructure, mobility, and energy segments, considering the slowdown in election season, augurs well for future earnings outlook, says HDFC Securities

** Shares of SIEM have risen 84.5% in 2024 so far, outperforming the 31% rise in Nifty Next 50 index .NN50

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

MUNICH, Nov 13 (Reuters) - A U.S. presidency under Donald Trump is likely to negatively impact future offshore wind projects in the country, the chief executive of Siemens Energy ENR1n.DE told journalists on Wednesday, adding current projects were less likely to be hit.

"In the offshore wind sector ... the future projects that are now being discussed may very well be influenced by this," Christian Bruch said.

(Reporting by Christoph Steitz, editing by Rachel More)

(([email protected]; +49 30 220 133 647;))

Nov 4 (Reuters) - Omer Spa OMR.MI:

• STARTS PRODUCTION FOR SIEMENS MOBILITY ORDER OF 83 INTERIOR COMPONENTS FOR AMTRAK TRAINS

• ORDER TO CONTRIBUTE BETWEEN 2%-4% TO BACKLOG VALUE OF ABOUT EUR 122 MILLION

• DELIVERY TO START IN 2024, TO CONCLUDE BY END OF 2028

Further company coverage: OMR.MI

(Gdansk Newsroom)

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Oct 31 (Reuters) - Siemens Ltd SIEM.NS:

• GUILHERME VIEIRA DE MENDONCA NAMED MD, CEO OF SIEMENS ENERGY INDIA

• HARISH SHEKAR NAMED CFO OF SIEMENS ENERGY INDIA

Source text: ID:nNSE8ZnYpC

Further company coverage: SIEM.NS

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Sept 19 (Reuters) - Siemens Ltd SIEM.NS:

• SIEMENS - GETS NSE APPROVAL FOR SCHEME OF ARRANGEMENT BETWEEN CO AND SIEMENS ENERGY INDIA

Source text for Eikon: ID:nBSE9LLpX3

Further company coverage: SIEM.NS

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Aug 30 (Reuters) - Siemens Ltd SIEM.NS:

• GOT TAX ORDER WITH POTENTIAL TAX DEMAND OF 293.87 MILLION RUPEES

Source text for Eikon: ID:nBSE3qD1fw

Further company coverage: SIEM.NS

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Aug 9 (Reuters) - Siemens Ltd SIEM.NS:

• SIEMENS JUNE-QUARTER CONSOL NET PROFIT 5.78 BILLION RUPEES

• SIEMENS JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 52.04 BILLION RUPEES

Further company coverage: SIEM.NS

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Updates stock moves in last paragraph

MUMBAI, July 23 (Reuters) - India's federal government said on Tuesday that it will spend a record 11.11 trillion rupees ($132.85 billion) on infrastructure in the financial year ending March 2025 to support growth and create more jobs in the world's most populous country.

The spending plan was unchanged from the interim budget presented in February before the national elections.

"This would be 3.4% of our GDP (gross domestic product)," Finance Minister Nirmala Sitharaman said while presenting the federal budget.

GRAPHIC

For the current fiscal, the government has made an outlay of 1.5 trillion rupees for long-term loans to states for infrastructure.

WHY IT'S IMPORTANT

The government has doubled spending on infrastructure over the past three years as a way to boost the economy. As a percentage of GDP, longer-term capital expenditure has risen to 3.4% in the current year from 1.7% in 2019-20.

Infrastructure spending, which generates demand across sectors from cement to steel and creates jobs, has a strong multiplier effect on the economy, economists say.

India's economy expanded at a faster-than-expected pace of 7.8% in the March quarter, but Prime Minister Narendra Modi has faced criticism from analysts and political rivals for not creating enough jobs. This, in turn, has weighed on consumption, which forms 60% of India's GDP, and held back private investment.

MARKET REACTION

No change in the allocation for capital spending led to a 1.4% fall in the stocks of capital goods companies, with Larsen & Toubro LART.NS down 4% and Siemens SIEM.NS down 2.7%.

($1 = 83.6310 Indian rupees)

(Reporting by Siddhi Nayak; Editing by Savio D'Souza and Sonia Cheema)

(([email protected]; +91 22 6921 7848; Twitter: https://twitter.com/siddhiVnayak))

June 20 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• JUPITER WAGONS LTD - UNIT GOT CONTRACT FROM SIEMENS FOR SUPPLY OF 36 AUXILIARY BATTERIES

• JUPITER WAGONS LTD - 72.8 KWH LFP BATTERY PACK HAS BEEN TECHNICALLY QUALIFIED BY BHEL FOR USE IN VANDE BHARAT TRAINSETS

Source text for Eikon: ID:nNSE9PkZy2

Further company coverage: JUWL.NS

(([email protected];))

** Shares of Rail Vikas Nigam RAIV.NS up 3%; Siemens India SIEM up 1.9%

** Rail Vikas and Siemens India consortium wins a 3.94 bln rupees ($47.2 mln) project from Bangalore Metro Rail Corporation

** The project involves designing, supplying, installing, testing, and commissioning the electrification system for Phases 2A and 2B of the Bangalore Metro

** SIEM's is the lead partner in the consortium with a 70% share, while RAIV holding the remaining 30%

** Additionally, RAIV emerged as the lowest bidder for a project worth 1.38 bln rupees from the Central Railway

** Including session's gain, RAIV is up 112.5% YTD, while SIEM is up 73.8%

($1 = 83.4900 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

Corrects to "forward" from "toward" in second-last paragraph

By Bharath Rajeswaran

MUMBAI, June 5 (Reuters) - Indian consumer-focussed companies are likely to shine, while capital spending-linked firms could suffer as the government shifts its policy focus to support lower-income segments, fund managers and analysts said on Wednesday, a day after a surprise result in the national elections.

Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) secured a third term in government but without a majority of its own, confounding expectations and raising concerns over the pace of reforms and the priority of investment-led growth.

Indeed, the fast moving consumer goods (FMCG) index .BSESCGIP rose 0.15% on Tuesday, the only bright spot in the stock market carnage, which included a 12% plunge in the capital goods index .BSECG.

FMCG stocks continued their rise on Wednesday, climbing 5.2%, while capital goods companies slid 1.5%.

The BJP lacking a simple majority raises doubts over a stable government and policy-making styles, said analysts at CLSA.

The brokerage remained "overweight" on consumer staples and said ITC ITC.NS was its preferred pick in the sector.

CLSA is also positive on banks, IT and insurance companies, and replaced Larsen & Toubro (L&T) LART.NS with HCLTech HCLT.NS in its India focus portfolio.

The blue-chip Nifty 50 .NSEI and Sensex .BSESN indexes tumbled nearly 6% each on Tuesday, their worst one-day performance since March 2020.

Despite the plunge, valuations of cyclicals are expensive, said Nuvama Institutional Equities, preferring consumption-linked stocks over capital expenditure-linked sectors.

It expects weak demand to weigh on private capex and government capex to decelerate.

The Nifty 50 is currently trading at 19 times 1-year forward expected earnings (PE), below the 10-year long-term average of 20x.

Consumer staples like Hindustan Unilever HLL.NS, Britannia Industries BRIT.NS, Colgate COLG.NS are trading at a PE of 52x, 51x and 49x, respectively, lower than their long-term valuations.

Conversely, capital goods companies like L&T and Siemens Ltd SIEM.NS are trading above their long-term valuations.

"Days of paying any multiple for stocks in industries where big reforms are expected are gone," said Ashutosh Tiwari of Equirus Securities, cautioning investors to focus on sectors "where earnings visibility is more certain."

Equirus identified rural recovery as a theme that could benefit in the near term and picked building materials, consumer durables, automobiles and industrial consumables as its preferred sectors.

"The election result is likely to lead to a more balanced market; risk-reward in large caps and underperforming sectors like banking and consumer appears more favourable," said Rahul Singh, chief investment officer of equities at Mumbai-based Tata Asset Management.

"More specifically any moderation in the capital spending outlook in favour of consumption support can further drive sectoral preferences going forward," Singh said.

The change in market sentiment, he added, may lead to "greater scrutiny and valuation discipline" in sectors like capital goods, power, defence and manufacturing.

(Reporting by Bharath Rajeswaran in Mumbai; Editing by Savio D'Souza)

(([email protected]; +91 9769003463;))

** Shares of Siemens SIEM.NS up 6.3% to a record 7,079.95 rupees

** Co's Q2 profit climbed 70% Y/Y; co said it will hive off energy business into a separate listed entity

** At least six analysts hiked PTs after the announcement, with average PT now at 5,462.65 rupees, up from 4,700.74 rupees on April 15

** Stock rated "buy" on average

** Stock up 75.9% YTD

(Reporting by Varun Vyas in Bengaluru)

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