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    Siemens shares up 0.72% as Nifty drops

    Synopsis

    A total of 9,263 shares changed hands on the counter till 11:43AM (IST).

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    NEW DELHI: Shares of Ltd. traded 0.72 per cent up in Thursday's trade at 11:43AM (IST). Around 9,263 shares changed hands on the counter.

    The scrip opened at Rs 1770.0 and touched an intraday high and low of Rs 1784.45 and Rs 1722.35, respectively, in the session so far. The stock of Siemens Ltd. quoted a 52-week high of Rs 2055.1 and a 52-week low of Rs 990.3.

    As per BSE, the total market cap of the Siemens Ltd. stood at Rs 62881.93 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 2983.3 crore for the quarter ended 31-Dec-2020, down 17.34 per cent from previous quarter's Rs 3609.3 crore and down 7.63 per cent from the year-ago quarter's Rs 2771.9 crore.

    The net profit for latest quarter stood at Rs 295.5 crore, up 11.17 per cent from the same quarter a year ago.

    Shareholding pattern
    As of 31-Dec-2020, DIIs held 1.64 per cent stake in the company, while foreign institutional investors held 4.22 per cent and the promoters 0.0 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 78.65 and a price-to-book ratio of 4.74. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Siemens Ltd. belongs to the Capital Goods - Diversified industry.
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