Jefferies maintains a positive stance on Hitachi Energy India and Siemens Energy India, keeping both stocks among its top picks. The brokerage says investors can consider accumulating the shares after recent weakness in their prices. The update comes as the government reportedly opens the door to allowing the selection of certain Chinese firms, a development that could affect competitive dynamics in the energy and related equipment market. Jefferies’ position indicates it does not change its view on the two companies despite the policy shift. The brokerage’s guidance is focused on near- to medium-term stock positioning, emphasizing that price declines may offer an entry point for investors rather than indicating a fundamental deterioration in the firms’ outlook. Across the available reporting, the key message is that Jefferies continues to prefer Hitachi Energy India and Siemens Energy India and advises using the recent pullback to build exposure, while noting the concurrent change in government procurement or sourcing permissions involving Chinese firms. No additional new financial forecasts or detailed rationale beyond the accumulation call is provided in the excerpt.
Jefferies retains top picks in Hitachi Energy India and Siemens Energy India
Jefferies maintains a positive stance on Hitachi Energy India and Siemens Energy India, keeping both stocks among its top picks. The brokerage says investors can consider accumulating the shares after...
- Jefferies continues to rate Hitachi Energy India as a top pick.
- Jefferies continues to rate Siemens Energy India as a top pick.
- Jefferies recommends accumulating both stocks after recent price weakness.
- The update is issued alongside a reported government move allowing selection of certain Chinese firms.
- The reports present Jefferies’ view as unchanged despite the policy development.
The brokerage said it remains positive on Hitachi Energy India and Siemens Energy India, recommending investors use the recent weakness to accumulate the stocks.
11 hours agoThe brokerage said it remains positive on Hitachi Energy India and Siemens Energy India, recommending investors use the recent weakness to accumulate the stocks.
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