Buy Siemens At Rs 716

Buy Siemens At Rs 716Stock market analyst JK Doshi has maintained 'buy' rating on Siemens Ltd stock with a one-week target of Rs 745.

According to analyst, the interested investors can buy the stock at Rs 716 with strict stop loss of Rs 708.

Today, the stock of the company opened at Rs 716 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 764.90 and a low of Rs 499.45 on BSE.

Current EPS & P/E ratio stood at 21.65 and 32.52 respectively.

According to reports, Finnish giant Nokia and German electronics giant Siemens are open to make PE investment in their network equipment JV, Nokia Siemens Networks.

Siemens is making plans to make big investments in the Israeli market.

A plan was also lifted up for investment in the MNCs plan with the Office of the Chief Scientist in order to endorse technological collaboration.

GVK Power & Infrastructure, which holds around 29% equity stake in Bangalore International Airport (BIAL), is all set to get hold of Siemens Project Ventures' 40% equity stake in the airport and become majority partner.

Mr. GV Krishna Reddy, chairman, GVK Group, stated, "We would definitely want to acquire Siemens' stake when they decide to exit. We have the first right of refusal. We are willing to buy the stake at 105 per share."