Siemens shares up 0.6% as Nifty gains

Siemens shares  up  0.6% as Nifty  gains

NEW DELHI: Shares of Ltd. traded 0.6 per cent up in Thursday’s trade at 12:41PM (IST). Around 39,492 shares changed hands on the counter.

The counter opened at Rs 1795.25 and touched an intraday high and low of Rs 1817.0 and Rs 1781.35, respectively, in the session so far. Shares of the company of Siemens Ltd. quoted a 52-week high of Rs 2055.1 and a 52-week low of Rs 990.3.

Total market cap of the Siemens Ltd. stood at Rs 64562.82 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 2983.3 crore for the quarter ended 31-Dec-2020, down 17.34 per cent from previous quarter’s Rs 3609.3 crore and down 7.63 per cent from the year-ago quarter’s Rs 2771.9 crore.

The net profit for latest quarter stood at Rs 295.5 crore, up 11.17 per cent from the same quarter a year ago.

Shareholding pattern

As of 31-Dec-2020, DIIs held 1.64 per cent stake in the firm, while foreign institutional investors held 4.22 per cent and the promoters 75.0 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 80.75 and a price-to-book ratio of 4.74. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

Siemens Ltd. belongs to the Capital Goods – Diversified industry.

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