Share price of Siemens rises as Nifty weakens

Share price of Siemens rises as Nifty weakens
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Synopsis

A total of 2,081 shares changed hands on the counter till 12:27PM (IST).

Agencies
India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range.
Shares of Siemens Ltd. gained 0.67 per cent to Rs 2356.05 in Thursday's trade as of 12:27PM (IST).

The stock hit a high price of Rs 2360.0 and low of Rs 2326.05 during the session.

The return on equity (ROE) for the stock stood at 10.53 per cent. Traded volume on the counter stood at 12:27PM shares and turnover at Rs 0.49 crore around that time.

The stock of Siemens Ltd. quoted a 52-week high and 52-week low prices of Rs 2577.45 and Rs 1718.0, respectively.

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

Promotor/FII Holding
Promoters held 75.0 per cent stake in the company as of 31-Dec-2021, while foreign investors held 5.4 per cent and domestic institutional investors had 9.67 per cent.

Key Financials
The company reported consolidated sales of Rs 3610.0 crore for the quarter ended 31-Dec-2021, down 17.17 per cent from previous quarter's Rs 4358.3 crore and down 21.01 per cent from the year-ago quarter's Rs 2983.3 crore.

Net profit after tax for the latest quarter stood at Rs 250.7 crore, down 15.16 per cent from the same quarter a year ago.

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