SIEMENS : Investors can use any price weakness linked to the stock to step up exposures.

SIEMENS

Last close 1038.50

Investors can use any price weakness linked to the stock to step up exposures. Considering that the stock has been locked in a narrow band for a few days, Our sources confirmed accumulation from wise people at current levels. The level of Rs.1018 would serve as strong support. Current stock valuation are believed to be cheap considering the company’s expected growth prospectus. Taking all this into consideration the stock can go up to Rs.1055, Rs.1073 in the coming week.