Siemens Energy India’s shares have witnessed a surge. This follows its listing on the BSE. Brokerage firms anticipate a substantial upside, with target prices reaching Rs 3,700. Analysts foresee the company benefiting from India’s power transmission investments. Jefferies projects a strong EPS CAGR. Antique Broking highlights the company’s role in decarbonization. Motilal Oswal expects significant revenue and profit growth.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next