Siemens shares down 0.8% as Nifty drops

Siemens shares down 0.8% as Nifty drops
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Synopsis

A total of 2,814 shares changed hands on the counter till 01:27PM (IST).

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Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
NEW DELHI: Shares of . traded 0.8 per cent down in Monday's trade at 01:27PM (IST). Around 2,814 shares changed hands on the counter.

The stock opened at Rs 2966.2 and touched an intraday high and low of Rs 2979.0 and Rs 2938.35, respectively, in the session so far. Shares of the company of Siemens Ltd. quoted a 52-week high of Rs 3136.8 and a 52-week low of Rs 2150.75.

As per BSE, the total market cap of the Siemens Ltd. stood at Rs 104877.42 crore at the time of writing this report.

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.

The net profit for latest quarter stood at Rs 652.3 crore, up 102.83 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2022, domestic institutional investors 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 P/E multiple of 67.94 and a price-to-book ratio of 8.49. 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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