Siemens may rebound after 20% drop: Analyst

After a 20% yearly drop, Siemens may be nearing a correction-reversal, said analyst Deepak Pal. Technicals remain weak, but a buy-on-dips strategy is advised with a stop loss of ₹3,075 and an upside target of ₹3,275-₹3,300. The stock fell sharply post-energy demerger, but remains financially strong with long-term growth potential.

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