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    Siemens shares drop 0.78% as Sensex falls

    Synopsis

    A total of 2,776 shares changed hands on the counter till 11:58AM (IST)

    stock-market-2---gettyGetty Images
    India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
    Shares of Siemens Ltd. traded 0.78 per cent down at Rs 3702.95 at 11:58AM (IST) on Thursday, even as BSE benchmark Sensex dropped 206.84 points to 65788.97. The stock had settled at Rs 3732.0 in the previous session.

    The stock quoted a 52-week high and 52-week low of Rs 4066.1 and Rs 2670.35, respectively.

    As per BSE data, total traded volume on the counter till 11:58AM (IST) stood at 11:58AM shares with turnover at Rs 103.0 crore.

    At the current price, the stock trades at 64.57 times its trailing 12-month earnings per share of Rs 57.34 per share and 8.49 times its price-to-book value, the exchange 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 30-Jun-2023, while FIIs owned 7.58 per cent and DIIs 7.92 per cent.
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