मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Siemens stares at bumpy FY25
Mint Chennai
|December 24, 2024
Siemens Ltd's shares have plummeted about 12% in the past two trading sessions.
Investor sentiment took a beating after management offered a bleak outlook at the FY25 analyst meet on Friday.
In short, the capital goods company, which follows an October-to-September fiscal, is bracing for a challenging FY25. In the energy vertical, the transmission & distribution business is doing well, but Siemens is not bidding for line commutated converter (LCC)-based high-voltage direct current (HVDC) projects as it does not offer LCC technology. It will participate only in voltage source converter (VSC) technology-based HVDC orders as it believes VSC is a superior technology being adopted globally. With most Indian government projects planned as LCC, this will reduce Siemens's total addressable market in the category.
यह कहानी Mint Chennai के December 24, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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