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    Siemens shares drop 9.24% as Sensex rises

    Synopsis

    A total of 169,064 shares changed hands on the counter till 02:14PM (IST)

    tech view 2Shutterstock.com
    RSI has turned north from the 60 level, confirming bullishness.
    Shares of Siemens Ltd. traded 9.24 per cent down at Rs 3366.05 at 02:14PM (IST) on Monday, even as BSE benchmark Sensex gained 211.33 points to 61941.01. The stock had settled at Rs 3708.9 in the previous session.

    The stock quoted a 52-week high and 52-week low of Rs 3940.0 and Rs 2253.45, respectively.

    As per BSE data, total traded volume on the counter till 02:14PM (IST) stood at 02:14PM shares with turnover at Rs 56.93 crore.

    At the prevailing price, shares of the company trades at 63.48 times its trailing 12-month EPS of Rs 52.99 per share and 8.49 times its price-to-book value, BSE data showed.

    A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

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

    Shareholding Details
    Promoters held 75.0 per cent stake in the company as of 31-Mar-2023, while FIIs owned 7.01 per cent and DIIs 8.46 per cent.
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