Hot Stocks: Citigroup maintains sell on Vedanta; Macquarie recommends outperform on Siemens

Macquarie maintained its outperform rating on Siemens with a target price of Rs 3,020 even though margins and order inflow disappointed were below expectation. However, the execution was in-line and the company recorded a strong margin performance in Smart infrastructure, the brokerage said. Energy and Mobility margins were below 10% for the last two consecutive quarters, it added.

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