Siemens shares down 4.86% as Nifty falls

Siemens shares down 4.86% as Nifty falls
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Synopsis

The stock quoted a 52-week high price of Rs 2815.0 and low of Rs 1973.15.

Reuters
On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
Shares of . rose 4.86 per cent to Rs 2601.5 in Wednesday's trade. It hit an intraday high of Rs 2720.0 and low of Rs 2575.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 2815.0 and low of Rs 1973.15.

As of 01:55PM (IST), the counter saw total traded volume of 76,726 shares with a traded value of Rs 20.2 crore, according to NSE.

The stock had closed at Rs 2734.4 in the previous session.

The scrip has advanced 8.06 per cent in the past one month till date, while the benchmark BSE Sensex has gained 9.65 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 88.1 while price-to-book ratio stood at 7.32. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Capital Goods - Diversified industry.

Promoter/FII Holding
Promoters held 0.0 per cent stake in the company as of 30-Jun-2022, while FII and MF ownership in the firm stood at 5.42 per cent and 2.81 per cent, respectively.

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 the previous quarter's Rs 3610.0 crore and up 13.6 per cent from the year-ago quarter's Rs 3540.0 crore. Its net profit for the latest quarter stood at Rs 340.0 crore, up 1.67 per cent from the same quarter a year ago.
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