Siemens shares gain 0.77% as Sensex rises

Siemens shares gain 0.77% as Sensex rises
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Synopsis

A total of 13,186 shares changed hands on the counter till 12:23PM (IST)

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
Shares of Ltd. traded 0.77 per cent up at Rs 2168.8 at 12:23PM (IST) on Wednesday, even as BSE benchmark Sensex gained 606.29 points to 57671.16. The stock had settled at Rs 2152.2 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 2438.5 and Rs 1442.05, respectively.

As per BSE data, total traded volume on the counter till 12:23PM (IST) stood at 12:23PM shares with turnover at Rs 2.84 crore.

At the current price, shares of the company trades at 70.97 times its trailing 12-month EPS of Rs 30.62 per share and 7.32 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.3.

Shareholding Details
Promoters held 75.0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 5.21 per cent and DIIs 9.92 per cent.

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