500% Dividend Declared: Accumulate Large Cap Engineering Stock, TP Rs 4241: PL

Leading brokerage firm Prabhudas Lilladher has recommended investors to accumulate large cap stock from the engineering sector Siemens Ltd with target price of Rs 4241 apiece. Current market price of Siemens Ltd share BSE is Rs 3753.45 per share with intraday gain of 2.67%.

The company has a market capitalisation of Rs 1,33,667 crore. Siemens shares jumped 32% return year-to-date and gained 295% in last 5-years. Check details below:

Siemens Declared Financial Results On Nov 28: The company on November 28 declared a growth of 49.8% year-on-year (YoY) in its net profit to Rs 571.6 crore for the 4th quarter ended September 30,2023. It is significant to note here that Siemens follows Oct-Sept financial year. It announced its net profit at Rs 381.7 crore in the similar quarter last year, as per its BSE filing. Its revenue from operations rose 24.7% to Rs 5807.7 crore as against Rs 4,657.1 crore in the same quarter of last fiscal.

Siemens declared a dividend of Rs 10/- per equity of Rs 2/- each (500%) for the FY ending Sept 30, 2023. It announced its EBITDA, at operating level at Rs 700.2 crore, up 35.7% for the 2nd quarter of current fiscal as compared to Rs 515.9 crore in the corresponding quarter of last fiscal. The company's EBITDA margin announced at 12.1% for the quarter under consideration as against 11.1% in the corresponding period of last fiscal.

Siemens Declares Dividend: As per the regulatory filing of the company issued on November 28, "recommended a dividend of Rs. 10/- per Equity Share of Rs. 2/- each (500%) for the Financial Year ended 30th September, 2023. 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, 16th February, 2024."

Siemens Stock Performance & Return Over Years: Last trading price of Siemens share bse is Rs 3753.45 per share. Its 52-week high price is Rs 4066.10 apiece and 52-week low price is Rs 2727.00 apiece, respectively. Siemens shares soared 13% in last 1-month, fell 3% in last 3-months, soared 35% in last 1-year, gained 75% in last 2-years, and offered return of 147% in last 3-years.

Siemens About: Siemens has been a strong partner to India - right from the setting up of the Indo-European telegraph line in 1867. Siemens offers integrated solutions for India's sustainable future - efficient manufacturing, integrated automation, intelligent infrastructure, complete mobility and sustainable energy, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.