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Buy Siemens, target price Rs 3660: ICICI Direct

Updated at : 2022-09-16 12:20:01

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Siemens Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 107774.45 Crore) operating in Engineering sector.

Vedanta had emerged as the highest bidder for two coal mines in Odisha on the second day of commercial coal mines auction. The government put on sale 10 coal mines under the commercial coal mine auction.

There are about six equity mutual funds schemes that have offered over 20 per cent return in 2022 so far. These six schemes altogether hold about 125 stocks in their portfolios. Surprisingly, there is not one stock that is held by all six schemes but State Bank of India is the one held by five out of these six schemes.

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Indian Hotels Company Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services for the year ending 31-Mar-2022.

The global cryptocurrency market cap was trading significantly lower at $959.65 billion, dropping more than 3 per cent in the last 24 hours. However, the total trading volume gained as much as 8 per cent, close to $84.22 billion.

After the short correction Tata Motors stock has bottomed out near 440 levels and has witnessed a decent pullback to improve the bias, Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd, said.

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Foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs 1,270.68 crore, as per exchange data.

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Mazagon Dock Shipbuilders Ltd., incorporated in the year 1934, is a Small Cap company (having a market cap of Rs 8888.48 Crore) operating in Defence sector.

The stock of GKP Printing and Packaging shall trade ex-bonus for 1:2. The company has fixed September 19, 2022, as the record date for determining the eligibility of shareholders to receive shares.

As long as the stock is above the same, the uptrend wave is likely to continue. Above this, it could move up to Rs 3,900-4,000. Traders may prefer to exit from the trading long positions on a close below Rs 3,550.

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