Buy Siemens, target price Rs 8,114: HDFC Securities

HDFC Securities maintains a buy call on Siemens with a raised target price of Rs 8,114. Siemens reported strong Q4FY24 results, exceeding estimates, driven by robust order bookings across various segments. The company's demerger of its energy segment is expected by H2CY25. Increased capital expenditure for the Power Transformer factory reflects growth prospects.