Siemens shares rise 0.64 per cent in Wednesday's trading session
Siemens Ltd. rose 0.64 per cent to Rs 3924.95 in Wednesday's trade as of 11:36AM (IST) even as the benchmark Nifty ruled at 19562.25, down 12.65 points.
The scrip had closed at Rs 3899.9 in the previous session.
The stock quoted a 52-week low of Rs 2670.35 and a high of Rs 4066.1. The company quoted a market-cap of Rs 139901.84 crore on the BSE.
On BSE, 2,492 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 68.52 times its trailing 12-month EPS of Rs 57.34 per share and 8.49 times its book value. The return on equity (ROE) stood at Rs 13.28.
Key Financials For the quarter ended 30-Jun-2023, Siemens Ltd.
reported consolidated sales of Rs 5005.6 crore, up 15.42 per cent from the same quarter a year ago. The company reported 51.48 per cent YoY growth in net profit at Rs 455.5 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Wednesday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
