Share price of Siemens rises as Nifty strengthens

Share price of Siemens rises as Nifty strengthens
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Synopsis

A total of 37,599 shares changed hands on the counter till 10:00AM (IST).

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Shares of . gained 4.92 per cent to Rs 2902.55 in Wednesday's trade as of 10:00AM (IST).

The stock hit a high price of Rs 2926.0 and low of Rs 2806.0 during the session.

The return on equity (ROE) for the stock stood at 13.28 per cent. Traded volume on the counter stood at 10:00AM shares and turnover at Rs 10.91 crore around that time.

The stock of Siemens Ltd. quoted a 52-week high and 52-week low prices of Rs 3136.8 and Rs 2150.75, 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 30-Sep-2022, while overseas investors held 5.42 per cent and domestic institutional investors had 9.5 per cent.

Key Financials
The company reported consolidated sales of Rs 4759.9 crore for the quarter ended 30-Sep-2022, up 9.75 per cent from previous quarter's Rs 4337.0 crore and up 9.21 per cent from the year-ago quarter's Rs 4358.3 crore.

Net profit after tax for the latest quarter stood at Rs 652.3 crore, up 102.83 per cent from the same quarter a year ago.
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