Siemens Energy India began trading on the National Stock Exchange of India and BSE Ltd. on 19 June after its demerger from Siemens Ltd., opening at ₹2,840 a share—about 14 percent above its discovery price of ₹2,478. The debut followed exchange approvals granted a day earlier and immediately positioned the power-equipment maker among the market’s most valuable pure-play transmission-and-distribution firms. Brokerage Jefferies estimates the company could attain a market capitalisation exceeding US$10 billion, citing scope to outsize global peers such as Hitachi Energy and GE Vernova. Analysts struck an upbeat tone. HDFC Securities initiated coverage with a ‘buy’ recommendation and a ₹3,000 target price, while Jefferies and Motilal Oswal see the shares reaching as high as ₹3,350. Jefferies projects a 40 percent compound annual growth rate in earnings between FY24 and FY27, underpinned by India’s expanding grid-modernisation and renewable-integration agenda.