Motilal Oswal downgrades Siemens, Hitachi Energy, and other capex stocks as Budget dampens growth outlook

by pulseadmin February 3, 2025, 8:35 pm 100 Views

Motilal Oswal slashed ratings and target prices for Siemens, Hitachi Energy, and Thermax while reaffirming its bullish stance on L&T, ABB India, and Cummins India, as the brokerage warned that slowing government capex growth and subdued private investment could weigh on industrial order…