Siemens shares up 1.2% as Nifty gains

NEW DELHI: Shares of Siemens Ltd. traded 1.2 per cent up in Thursday's trade at 12:43PM (IST). Around 3,115 shares changed hands on the counter.

The scrip opened at Rs 7595.1 and touched an intraday high and low of Rs 7708.95 and Rs 7550.0, respectively, in the session so far. Shares of the company of Siemens Ltd. quoted a 52-week high of Rs 7910.0 and a 52-week low of Rs 3248.0.

Total market cap of the Siemens Ltd. stood at Rs 270476.89 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 6070.9 crore for the quarter ended 31-Mar-2024, up 21.68 per cent from previous quarter's Rs 4989.3 crore and up 22.04 per cent from the year-ago quarter's Rs 4974.4 crore.

The net profit for latest quarter stood at Rs 802.5 crore, up 70.24 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2024, DIIs held 3.03 per cent stake in the company, while foreign institutional investors held 8.3 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 115.85 and a price-to-book ratio of 9.99. 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.