SIEMENS – A weekly pic witnessed triangle breakout

Targets can be achieved in a week.

CMP                 :    Rs 1149

Target             :    Rs 1230

Duration          :     One Week

Stop Loss        :      Rs 1090

About Siemens Ltd:

Siemens Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 40925.34 Crore) operating in Engineering sector.

Siemens Ltd. key Products/Revenue Segments include Engineering Goods which contributed Rs 7528.40 Crore to Sales Value (55.01 % of Total Sales), Income from Project Development which contributed Rs 4209.30 Crore to Sales Value (30.76 % of Total Sales), Sale of services which contributed Rs 1566.50 Crore to Sales Value (11.44 % of Total Sales), Other Operating Revenue which contributed Rs 199.70 Crore to Sales Value (1.45 % of Total Sales), Export Incentives which contributed Rs 112.60 Crore to Sales Value (0.82 % of Total Sales), Rental Income which contributed Rs 48.40 Crore to Sales Value (0.35 % of Total Sales) and Commission which contributed Rs 18.90 Crore to Sales Value (0.13 % of Total Sales)for the year ending 30-Sep-2019.

 

For the quarter ended 31-03-2020, the company has reported a Consolidated sale of Rs 2756.90 Crore, up 4.90 % from last quarter Sales of Rs 2628.00 Crore and down -21.00 % from last year same quarter Sales of Rs 3489.80 Crore Company has reported net profit after tax of Rs 175.70 Crore in latest quarter.

It’s major shareholding is with foreign promoters at 75%, more than 10% is with foreign institutions and it’s share available for public is only 8.41%.

Technical Analysis:

• Stock has given triangle pattern breakout on daily chart.

• Incremental volume activity is witnessed at the time of breakout.

• Momentum indicator RSI and MACD are ranging in positive territory.

Recommendations: Buy for short term gains of a week.

Note: The analysis is based on the information received from the company fundamentals and its technical trends. Investing in securities always depending upon the market conditions and risk. 

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