Siemens shares down 1.14% as Nifty drops

NEW DELHI: Shares of Siemens Ltd. traded 1.14 per cent down in Wednesday's trade at 02:05PM (IST). Around 16,888 shares changed hands on the counter.

The stock opened at Rs 3802.55 and touched an intraday high and low of Rs 3820.0 and Rs 3680.0, respectively, in the session so far. The stock of Siemens Ltd. quoted a 52-week high of Rs 4066.1 and a 52-week low of Rs 2670.35.

As per BSE, the total market cap of the Siemens Ltd. stood at Rs 132029.8 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 5005.6 crore for the quarter ended 30-Jun-2023, up 0.63 per cent from previous quarter's Rs 4974.4 crore and up 15.42 per cent from the year-ago quarter's Rs 4337.0 crore.

The net profit for latest quarter stood at Rs 455.5 crore, up 51.48 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2023, domestic institutional investors held 3.28 per cent stake in the firm, while foreign institutional investors held 7.59 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 64.66 and a price-to-book ratio of 8.49. 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.