Siemens shares up 1.46% as Nifty gains

Siemens shares up 1.46% as Nifty gains
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Synopsis

A total of 86,630 shares changed hands on the counter till 10:35AM (IST).

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Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
NEW DELHI: Shares of . traded 1.46 per cent up in Monday's trade at 10:35AM (IST). Around 86,630 shares changed hands on the counter.

The scrip opened at Rs 2706.0 and touched an intraday high and low of Rs 2755.0 and Rs 2706.0, respectively, in the session so far. The stock of Siemens Ltd. quoted a 52-week high of Rs 2812.8 and a 52-week low of Rs 1940.85.

As per BSE, the total market cap of the Siemens Ltd. stood at Rs 97555.58 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 4021.5 crore for the quarter ended 31-Mar-2022, up 11.4 per cent from previous quarter's Rs 3610.0 crore and up 13.6 per cent from the year-ago quarter's Rs 3540.0 crore.

The net profit for latest quarter stood at Rs 340.0 crore, up 1.67 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2022, DIIs held 2.81 per cent stake in the firm, while foreign institutional investors held 5.42 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 92.8 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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