Shares of Siemens fall as Nifty gains
Siemens Ltd. slipped 0.33 per cent to Rs 3633.45 in Wednesday's trade as of 02:04PM (IST). It hit a high of Rs 3689.85 and low of Rs 3586.3 during the session.
The stock quoted a 52-week high price of Rs 4066.1 and a low of Rs 2727.0. The return on equity for the stock stood at 14.98 per cent. About 11,305 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.3.
The scrip has been an outperformer, up 30.68 per cent in the past one year in comparison with a 8.31 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 2727.0 on November 29, while the 50-DMA was at Rs 3537.84.
If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding Promoters held 0.0 per cent stake in Siemens Ltd.
