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Siemens, incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 118408.20 Crore) operating in Engineering sector.

In the midcap space, the list found names such as Vodafone Idea, India Cements, Godrej Consumer Products, Glenmark Pharmaceuticals, Havells India, M&M Financial Services, Ambuja Cements, PNB Housing Finance, L&T Technology Services, IRCTC, LTIMindtree, Vedanta, Tata Power. These stocks have risen over 100-500% since March 2020.

Loan growth trends are expected to remain healthy, led by broad-based credit growth across the retail (especially unsecured), SME, and corporate portfolio.

A total of 23,956 shares changed hands on the counter till 10:05AM (IST).

The Nifty Bank index was trading 0.35 per cent down at 39477.75.

Bullion has gained nearly 0.3% so far in the week, after the Fed hinted it might pause further increases in borrowing costs after the recent collapse of two US banks, Reuters reported.

On the technical charts, the RSI of the stock stood at 45.73.

The brokerage revises its target price to Rs. 857 (from Rs.1,025), factoring lower volumes and margins, but upgrades to BUY rating due to lower valuation.

The stock traded at a P/E multiple of 36.47, while the price-to-book value ratio stood at 9.65.

A total of 13,374 shares changed hands on the counter till 01:36PM (IST).