Siemens India: Hopes hinge on sustained manufacturing sector revival

Topics Siemens India | Markets | stocks

A stock like Siemens India dramatically reacting to its quarterly results was pretty much unheard of till Thursday. Even as the global engineering major’s net profit for the September quarter (Q4; the company follows October to September accounting year) declined by 4.7 per cent year-on-year (YoY) and revenue at Rs 3,422 crore fell short of previous year’s number by nine per cent, the Siemens India stock soared by 11.6 per cent on Thursday. Siemens announced its results on Wednesday, after market closing. What has enthused the Street is the 12.9 per cent operating profit m.....

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