Siemens Energy made a strong market debut, listing at ₹2,840 per share, up 14.60% from its adjusted delisting price of ₹2,478. The premium reflects positive investor sentiment and strong demand following the company’s restructuring and separation from Siemens Ltd.
Brokerages have responded positively on listing day:
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Antique Broking initiated coverage with a Buy rating and a ₹3,179 target, citing a ₹15,000 crore order backlog and an expected 35% earnings CAGR (FY24–27), fueled by India’s decarbonization and T&D capex boom.
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HDFC Securities also rated it Buy, with a ₹3,000 target, highlighting exclusive market rights in parts of South Asia and a strong order book worth 2.1x FY25E revenue. It expects 30% PAT CAGR over FY25–27.
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Motilal Oswal gave a Buy rating with a ₹3,000 target, projecting 25% revenue and 31% PAT CAGR (FY25–27), along with margin expansion to 21.4% by FY27.
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