Rs. 12/Share Dividend: To Be Paid From 14 February, 2025; Time To Buy?

Siemens Limited is a technology company that focusses on digital transformation, industry, infrastructure, transportation, and electrical power production and transmission. It is Siemens AG's main publicly traded firm in India. Siemens offers a countrywide sales and service network, many Centres of Competence, R&D centres, and a robust manufacturing base throughout the nation. Siemens Limited, Siemens' flagship firm in India, operates in the following sectors: energy, digital industries, smart infrastructure, and mobility.

Siemens Dividend

The Board of Directors "Recommended a dividend of Rs. 12/- per Equity Share of Rs. 2/- each (600%) for the Financial Year ended 30 th September, 2024. The dividend, as recommended by the Board of Directors, if declared at the ensuing Annual General Meeting (AGM) of the Company, would be paid from Friday, 14 February, 2025," said the company in a stock exchange filing.

Siemens Financials

On Tuesday, November 26, Siemens revealed the results of its July-September quarter, showing a 45.4% increase in net profit to Rs 830.7 crore from Rs 571.3 crore during the same time the previous year. In the September quarter, the company's revenue from operations increased 11.2% to Rs 6,461 crore from Rs 5,807.7 crore at the same time last year. In the fourth quarter of the current fiscal year, the company's EBITDA increased 34% to Rs 938 crore, compared to Rs 700.2 crore during the same time in the previous fiscal year. In the reporting quarter, the EBITDA margin was 14.5%, down from 12.1% during the same time last year.

Siemens Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "SIEMENS Limited is currently trading at 7400 levels, indicating a sharp reversal from recent lows, driven by renewed buying momentum and robust volumes. The stock's positive momentum is further confirmed by its positioning above the short-term (20 Day), medium-term (50 Day), and long-term (200 Day) EMA levels, reinforcing its technical resilience."

"However, today's up move of 3.43% to made a high of 7622.95 and showing some weakness from higher levels indicates some profit booking or consolidation after the recent rally. A significant breakthrough above the resistance at 7666, supported by robust volumes, underscores the stock's strength which also marks its all-time high. A breakout above this crucial resistance could set the stage for a rally towards the target of Rs 8200 in the short term. Traders and investors who entered at lower levels are advised to safeguard their positions by trailing stop losses near 7050, aiming for the target of 8200 and beyond," the analyst added.

"The momentum indicator, Relative Strength Index (RSI), is currently at 61 levels, indicating positive momentum in the stock. For those considering fresh investments, purchasing at the current market price (CMP) is a viable option, targeting 8200, with a stringent stop loss set at 7050 levels to manage risk effectively," Mandar Bhojane commented.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.