Siemens Share Price: Shares of Siemens fall as Nifty gains

Shares of Ltd. slipped 0.18 per cent to Rs 2206.65 in Tuesday’s trade as of 01:38PM (IST). It hit a high of Rs 2221.1 and low of Rs 2203.75 during the session.

The stock quoted a 52-week high price of Rs 2317.6 and a low of Rs 1186.8. The return on equity for the stock stood at 8.09 per cent. About 4,748 shares have changed hands on the counter so far.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.3.

The scrip has been an outperformer, up 78.74 per cent in the past one year in comparison with a 50.07 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1186.8 on September 14, while the 50-DMA was at Rs 2106.32. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 0.0 per cent stake in Siemens Ltd. as of 30-Jun-2021. Mutual funds and foreign institutional investors held 1.86 per cent and 4.6 per cent stake.

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