India’s Siemens shares gain after strong earnings

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Updated: November 26, 2014 11:33:07 AM

Shares in India's Siemens Ltd gain 1.24 percent.

Shares in India's Siemens Ltd gain 1.24 percent. Shares in India’s Siemens Ltd gain 1.24 percent.

Shares in India’s Siemens Ltd gain 1.24 percent.

The company reported more than two-fold increase in its September quarter net profit.

Margin improvement seen across all business verticals on a sequential basis, Motilal Oswal Securities said.

“Operational performance was in line with expectations and adjusted net profit stands above the estimates,” it said.

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