Siemens Share Price: Siemens shares drop 0.24% as Sensex rises

Shares of Ltd. traded 0.24 per cent lower in Thursday’s session at 01:07PM (IST). The stock opened at Rs 2175.0 and has touched an intraday high and low of Rs 2183.4 and Rs 2155.5, respectively, during the session so far.

The stock quoted a 52-week high of Rs 2317.6 and a 52-week low of 1186.8. About 73,012 shares changed hands on the counter so far.

Benchmark Nifty50 was up 216.4 points at 17763.05, while the BSE Sensex traded 758.53 points higher at 59685.86 at the time of writing of this report.



In the Nifty pack, 38 stocks traded the day in the green, while 12 were in the red.

Key Financials

For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 2984.2 crore, down 15.7 per cent from the previous quarter’s Rs 3540.0 crore and down 110.47 per cent from the year-ago quarter. The company reported net profit of Rs 138.9 crore for the latest quarter.


Promoter Holdings

Promoters held 75.0 per cent stake in the company as of 30-Jun-2021, while FIIs held 4.6 per cent and MFs 1.86 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1907.31 on September 23, while the 50-DMA was at Rs 2128.59. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.

Source Link