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    Siemens share price up 0.52 per cent

    Synopsis

    A total of 1,879 shares changed hands on the counter till 10:51AM (IST).

    NiftyGetty Images
    Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
    Shares of Siemens Ltd. traded 0.52 per cent up at Rs 3826.0 at around 10:51AM (IST) on Tuesday. The stock had closed at Rs 3806.1 in the previous session. Equity benchmark Sensex traded 309.27 points lower at 62859.03 around the same time.


    The scrip has climbed 67.67 per cent in the last one year till date, while the 30-share index has gained 15.75 per cent during the same period.

    The stock's 52-week high price stood at Rs 3940.0 and the 52-week low price at Rs 2253.45.

    Trading volume on the counter stood at 1,879 shares, while it quoted a price-to-earnings ratio of 72.11, an EPS value of 52.99 and a price-to-book value of 8.49. In the Nifty50 pack, 17 stocks traded in the green, while 33 stocks were in the red.

    Promoter/FII Holding
    Promoters held 75.0 per cent stake in the company as of 31-Mar-2023, while foreign institutional investors and MF ownership stood at 7.01 per cent and 3.29 per cent, respectively.

    Key Financials
    For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 4974.4 crore, up 20.83 per cent from the previous quarter's Rs 4116.8 crore and up 23.7 per cent from the year-ago quarter's Rs 4021.5 crore. The company reported net profit of Rs 471.4 crore for the latest quarter.

    Technical Indicators
    The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
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