Siemens shares up 0.21% as Nifty gains
Synopsis
A total of 2,389 shares changed hands on the counter till 12:02PM (IST).
Total market cap of the Siemens Ltd. stood at Rs 204674.77 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 4989.3 crore for the quarter ended 31-Dec-2023, down 16.19 per cent from previous quarter's Rs 5953.2 crore and down 21.19 per cent from the year-ago quarter's Rs 4116.8 crore.
The net profit for latest quarter stood at Rs 505.41 crore, up 9.23 per cent from the same quarter a year ago.
As of 31-Mar-2024, DIIs held 3.03 per cent stake in the firm, while foreign institutional investors held 8.3 per cent and the promoters 75.0 per cent.
Stocks Recommendations
According to BSE data, the stock traded at a price-to-earnings multiple of 101.85 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.
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