Motilal Oswal Recommends 'BUY' on Siemens Energy India, Sets Target at Rs 3400

• Motilal Oswal maintains a 'BUY' rating for Siemens Energy India (ENRIN) with a revised target price of INR 3,400.
• Siemens Energy India anticipates strong growth in transformation capacity by 2032 in domestic markets and a healthy export outlook.
• The company is expanding its capacity in transformers and high-voltage switchgear to meet broader market demand.
• Rising commodity prices may impact margins in the near to medium term until costs are passed through.
• Easing curbs on Chinese players for government contracts is not expected to have an immediate impact due to time required for approvals and certifications.

Why It Matters: Motilal Oswal recommends buying Siemens Energy India, citing strong growth prospects despite commodity price concerns.