Siemens shares down 0.29% as Nifty drops

Siemens shares down 0.29% as Nifty drops
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Synopsis

A total of 5,605 shares changed hands on the counter till 11:37AM (IST).

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India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
NEW DELHI: Shares of Ltd. traded 0.29 per cent down in Thursday's trade at 11:37AM (IST). Around 5,605 shares changed hands on the counter.

The stock opened at Rs 2384.6 and touched an intraday high and low of Rs 2407.85 and Rs 2367.55, respectively, in the session so far. Shares of the company of Siemens Ltd. quoted a 52-week high of Rs 2577.45 and a 52-week low of Rs 1568.45.

As per BSE, the total market cap of the Siemens Ltd. stood at Rs 84973.85 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 4358.3 crore for the quarter ended 30-Sep-2021, up 46.05 per cent from previous quarter's Rs 2984.2 crore and up 20.75 per cent from the year-ago quarter's Rs 3609.3 crore.

The net profit for latest quarter stood at Rs 321.6 crore, down 2.6 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2021, domestic institutional investors held 2.72 per cent stake in the firm, while foreign institutional investors held 5.4 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 77.93 and a price-to-book ratio of 7.32. 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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