Siemens Energy India slips in trading debut after spin-off

Siemens Energy India

19/06/2025 08:23

** 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)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))