Siemens: Despite Infra Story, PE Of 62 May Not Be Justified; Sustain Below 1200, May Fall To 1090-965

Trading Idea: Siemens

CMP: 1177

Either sell below 1200-1215 or on rise around 1235-1265;

TGT: 1145*-1115-1090*-1065-1035-1015-990-965* (1-3/6M)

TSL> 1275

Note: Consecutive Closing (3 days) above 1275 for any reason, Siemens may further rally up to 1305-1340-1370*-1420-1475* & 1510*-1565 in the near to long term (alternative bullish case scenario).

For Siemens: (Standalone basis)

Q4FY16 TTM EPS: 19.05 (Actual)

Projected FWD EPS: 22.45-26.35-30.95 (FY:17-19/Estimated)

Average PE: 35 (Considering a MNC & Strong BS with Govt's infra spending hope/initiative)

As par BG metrics & current market parameters:

Current median valuation may be around: 880 (FY:16/TTM)

Projected fair valuations might be around: 960-1040-1125 (FY:17-19/FWD)

SIEMENS	EPS(TTM)	BV(Act)	P/E(AVG)	Low	High	Median	200-DEMA	10-DEMA
Q4FY16/TTM	19.05	143.96	35	879.04	878.82	878.93	1158.91	1158.35
FY17/FWD	22.45	168.55	35	954.26	954.03	954.15	1158.91	1158.35
FY18/FWD	26.35	197.15	35	1033.83	1033.58	1033.71	1158.91	1158.35
FY19/FWD	30.95	230.65	35	1120.44	1120.17	1120.31	1158.91	1158.35

Analytical Charts: