India's Siemens rises on Q2 profit growth, strong order inflows
** Shares of Siemens SIEM.NS rise 4.1% of 7,538 rupees apiece
** Capital goods company posts a 45.4% jump in consolidated net profit in the September quarter
** At least three brokerages reiterated positive outlook after the quarterly results on Tuesday, citing strength in order inflows and revenue outlook
** Prabhudas Lilladher says SIEM is well-positioned for sustained growth due to government spending on infrastructure and a likely resurgence in private capex
** Robust order inflows in smart infrastructure, mobility, and energy segments, considering the slowdown in election season, augurs well for future earnings outlook, says HDFC Securities
** Shares of SIEM have risen 84.5% in 2024 so far, outperforming the 31% rise in Nifty Next 50 index .NN50
Reporting by Bharath Rajeswaran in Bengaluru
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