Nuvama Initiates Siemens Energy India at Buy, ₹4,200 Target on HVDC, T&D Upcycle

Fresh buy initiation cites India's grid expansion capex and Siemens Energy's global HVDC edge as key re-rating catalysts; order conversion pace and rival bids flagged as key risks.

ndtv-profit-business · 7/17/2026, 6:17:16 AM · Ask about this →