Siemens share price gained more than 8% in opening trades on Wednesday to scale 52 week highs, post March'2024 quarter results declared by the company after market hours on Tuesday. Siemens Ltd follows October-September quarter and hence January-March'2024 is the second quarter for Siemens. Siemens had reported a strong 70.2% year-on-year rise in net profit to ₹803 crore.
Open FlipShares of Aurionpro Solutions Ltd. are trading with gains of 5% on Wednesday after the company announced a bonus issue in the ratio of 1:1. This means that the company will issue one free share for every one share held by shareholders as of the record date. This is the first ever bonus share issue undertaken by the company, according to data available on the exchanges.
Open Flip✅Jefferies has maintained a 'buy' rating on Siemens with a target of ₹8,000 per share. ✅HSBC has downgraded its rating on PVR Inox with a target of ₹1,520 per share. ✅Morgan Stanley has maintained an 'overweight' rating on Bharti Airtel with a target of ₹1,330 per share. ✅Nomura has maintained a 'buy' rating on Shree Cements with a target of ₹33,400 per share.
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