Siemens Energy India debuts on stock exchanges with strong market performance and growth potential

Mumbai: Siemens Energy India listed on the stock exchanges on Thursday at ₹2,840 per share, after being demerged from engineering giant Siemens in early April at an implied price of ₹2,478.2 per share.

The stock touched a high of ₹2,982 during the day - hitting its highest tradable limit of the day - before closing at ₹2,760. The company had a market capitalisation of ₹98,289 crore as of Thursday. Siemens had a market cap of ₹1,16,943 crore.

"Siemens Energy is a play on the fast-growing T&D (Transmission and Distribution) sector and is likely to report over 30% earnings CAGR (compounded annual growth rate) during FY26-27," said Sunny Agrawal, head of fundamental research at SBI Securities. "We believe the fair value of the business is ₹3,100 per share." This implies an upside of 12.3% from current levels.

HDFC Securities has a 'Buy' rating on the company with a target price of ₹3,000 per share, citing strong cash flows, a robust order book, limited competition, and export opportunities. Jefferies said Siemens Energy is a key beneficiary of the $100 billion-plus transmission capex pipeline and assigned a target of ₹3,350.