Jefferies begins coverage on Siemens Energy India with 'buy'; shares rise

Siemens Energy India

08/07/2025 07:43

** Jefferies initiates coverage of Siemens Energy India SIEE.NS with "buy" at PT 3,500 rupees

** Brokerage expects SIEE to benefit from India's rising capex on power equipment

** Says co's comprehensive energy portfolio, technology of its global parent to drive its market share growth

** SIEE shares last up 2% to 3,060 rupees

** Co's Q2 profit, revenue jumped 36%, 57%, Y/Y, respectively

** Another brokerage, Motilal Oswal, raises PT on SIEE by 10% to 3,300 rupees; retains "buy"

** Expects co to continue to benefit from strong addressable market in T&D, capacity expansion in transmission segment

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))