Macquarie maintained its outperform rating on Siemens with a target price of Rs 3,020 even though margins and order inflow disappointed were below expectation. However, the execution was in-line and the company recorded a strong margin performance in Smart infrastructure, the brokerage said. Energy and Mobility margins were below 10% for the last two consecutive quarters, it added.
Pankaj Tibrewal sees stronger top-line growth driving India’s next earnings cycle
Indian companies are poised to navigate input cost pressures and sustain growth, with the upcoming earnings season expected to be the next market trigger. Experts
June 30, 2026