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Shares of Siemens jumped 3.64 per cent to Rs 1,550 on the BSE on strong operating performance in April-June quarter, but but high valuations and fall in order intake may weigh at higher levels.
The stock trades at 76.85x 1-year forward earnings, according to Thomson Reuters data.
Order intake for the quarter stood at Rs 2,234 crore vs Rs 2,669 crore in January-March.
April-June EBITDA margin stood at a multi-year high of 10.7 per cent.
Margin expansion was witnessed across most segments, led by multiple factors such as possible write-back of provision, and savings in material costs, according to Motilal Oswal.
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