Siemens shares down 1.38% as Nifty falls
Siemens Ltd. rose 1.38 per cent to Rs 3600.45 in Wednesday's trade. It hit an intraday high of Rs 3674.95 and low of Rs 3566.4, respectively, during the day.
The stock quoted a 52-week high price of Rs 4066.1 and low of Rs 2670.35. As of 11:42AM (IST), the counter saw total traded volume of 44,818 shares with a traded value of Rs 16.14 crore, according to NSE. The stock had closed at Rs 3651.0 in the previous session.
The scrip has declined -2.36 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.08 per cent during the same period. According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 63.01 while price-to-book ratio stood at 8.49. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business. The stock belongs to the Capital Goods — Diversified industry.Promoter/FII Holding Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 7.59 per cent and 3.28 per cent, respectively.Key Financials The company reported consolidated sales of Rs 5005.6 crore for the quarter ended 30-Jun-2023, up 0.63 per cent from the previous quarter's Rs 4974.4 crore and up 15.42 per cent from the year-ago quarter's Rs 4337.0 crore. Its net profit for the latest quarter stood at Rs 455.5 crore, up 51.48 per cent from the same quarter a year ago.
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