Buy call on siemens at current level

Anagram Research has recommended an accumulate rating on Siemens in its July 23, 2008 research report. "Siemens India (SIL) has announced capex of 100 million euro over next one year. SIL has made this move to bring all the facilities (design, technical assistance, R&D facility) closer to the market as per the needs of the consumer. According to the management major growth drivers are automation, Industrial solution and services business."