Shares of Siemens rise as Nifty gains

Shares of Ltd. gained 0.11 per cent to Rs 1839.15 in Thursday's trade as of 12:04PM (IST). It hit a high of Rs 1859.0 and low of Rs 1828.65 during the session.

The stock quoted a 52-week high price of Rs 2055.1 and a low of Rs 990.3. The return on equity for the stock stood at 8.09 per cent. About 5,622 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.3.

The scrip has been an outperformer, up 75.16 per cent in the past one year in comparison with a 44.72 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 990.3 on May 06, while the 50-DMA was at Rs 1848.4. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 0.0 per cent stake in Siemens Ltd. as of 31-Mar-2021. Mutual funds and foreign institutional investors held 1.64 per cent and 4.37 per cent stake.