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Power stock to buy: Despite almost 20% fall in 1 month, Deven Choksey Research sees 72% returns ahead - Do you own?
Mint 1 hr ago·24 Oct 2026, 10:11 am
Siemens Energy India has seen its stock price decline by nearly 20% over the past month, making it an attractive option for investors looking for value. Deven Choksey Research has initiated coverage with a 'Buy' rating, setting a target price of ₹4,554. This implies significant upside potential of about 72% from the current levels.
The brokerage’s bullish outlook is primarily driven by India’s robust infrastructure development. Specifically, they see strong growth opportunities in the power transmission sector and the increasing integration of renewable energy sources into the national grid.
Investors should monitor the company’s order book and the pace of government transmission projects. These factors will be key in determining if the stock can achieve its target price in the coming months.
Excerpt from Mint
Deven Choksey Research initiated coverage of Siemens Energy India with a Buy rating and a ₹ 4,554 target, indicating 72% upside from ₹ 2,649. The brokerage sees growth from India’s transmission investment, renewable integration, and more. Despite nearly falling 20% in the last 1 month, domestic brokerage house Deven…Read the original at Mint
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Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Siemens Energy India (ENRIN).
- Category: Company.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for Siemens Energy India worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
