Siemens share price gained up to 5% in the intraday trades on Wednesday post September quarter results, that were declared post market hours on Tuesday. Should you Buy Sell or Hold that has risen more than 7% this week?

Antique Broking's report said, "We believe that the company will be among the biggest beneficiaries of the ongoing capex cycle, with potential annual orders reaching Rs 400 billion over 2–3 years.

Shares of Siemens Ltd. 3.95 per cent to Rs 7532.80 in Wednesday's session as of 10:00AM (IST) even as the equity benchmark Sensex traded 16.37 points at 80020.43. Earlier in the day, the stock witnessed a gap up start to the session.

For the quarter under review, Siemens reported a net profit (attributable to the owners of the company) of Rs 830.7 crore, up from Rs 571.3 crore a year ago. Revenue for the capital goods company rose 11 per cent to Rs 6,461 crore in the same period. Siemens’ other income almost doubled (up 94.6 per cent) to Rs 283.3 crore from a year ago.

Given the strength in order inflows and robust order backlog, the brokerage maintain a Buy rating on Siemens and increases target price, check target price

Siemens posted revenue from operations at Rs 6461.10 crore, up 11.25 per cent as against Rs 5807.70 crore recorded during the same period of previous financial year.

Siemens on Tuesday posted a 45 per cent jump in its net profit to Rs 775 crore in the July-September quarter compared to the year-ago period on higher revenues. The company had reported a net profit of Rs 534 crore in the quarter ended on September 2023,