Comparative Equity Research Report - Siemens Limited, ABB India Limited, and Waaree Energies Limited
Comparative Equity Research Report Siemens Limited, ABB India Limited, and Waaree Energies Limited Date: April 15, 2025 1. EXECUTIVE SUMMARY This comparative analysis examines three major players in India's industrial technology and energy sectors: Siemens Limited, ABB India Limited, and Waaree Energies Limited. While Siemens and ABB operate across multiple industrial segments with significant overlap in electrification and automation, Waaree Energies represents a pure-play in the renewable energy space, specifically solar. Company Recommendation Current Price Target Price Upside Investment Horizon Siemens Limited BUY ₹6,200 ₹7,150 15.3% 12-18 months ABB India Limited BUY ₹5,950 ₹6,850 15.1% 12-18 months Waaree Energies Limited ACCUMULATE ₹1,750 ₹1,950 11.4% 12 months These companies are well-positioned to benefit from India's industrial growth, energy transition, and infrastructure development initiatives. Our analysis suggests str...