Siemens shares up 2.17% as Sensex rises
Siemens Ltd. gained 2.17 per cent to Rs 3845.55 in Wednesday's session as of 10:05AM (IST) even as the equity benchmark Sensex traded 120.2 points higher at 65738.04. Earlier in the day, the stock witnessed a gap up start to the session.
The stock quoted a 52-week high price of Rs 3940.0 and a 52-week low of Rs 2575.0 on NSE. Around 8926 shares changed hands on the counter till 10:05AM (IST). The stock opened at Rs 3792.05 and has touched an intraday high and low of Rs 3875.0 and Rs 3791.95 during the session so far.
The stock quoted a price-to-earnings (PE) ratio of 72.7, earnings per share (EPS) of Rs 52.99 and price to book value (PB) of 8.49, while the return on equity (ROE) stood at Rs 13.28.Promoter/ FII Holding The promoters held 75.0 per cent stake in the company as of July 12, while FII and MF ownerships stood at 7.01 per cent and 3.29 per cent, respectively.Key Financials With a market capitalisation of Rs 137198.89 crore, the company operates in the Capital Goods — Diversified industry. 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 same quarter a year ago. The company reported net profit of Rs 471.4 crore for the latest quarter, up 38.65 per cent from the corresponding quarter last year.Technical Indicators The relative strength index (RSI) of the stock stands at 62.83.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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
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