May 3, 2018 / 4:22 AM / 3 months ago

BUZZ-India's Siemens Ltd drops most in over 7 mths on weak order pipeline

** Siemens Ltd falls as much as 6 pct to 1,606.65 rupees, biggest daily pct loss since Sept 27

** March qtr profit rose 18 pct to 2.20 bln rupees ($33 mln), beating analyst estimate, according to Thomson Reuters data

** However, co does not see pipeline of large and mega projects yet, CEO Sunil Mathur says

** Delay in conversion of orders and slowdown in exports pose downside risks, say Deutsche Bank analysts

** DB rates stock ‘hold’ with PT of 1,134 rupees

** Eight of 20 brokerages rate stock “buy” or higher, five “hold” and the rest “sell” or lower; their median PT is 1,295 rupees ($1 = 66.6800 Indian rupees)

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