Siemens Share Price: Siemens shares gain 1.52% as Sensex rises

Shares of Ltd. traded 1.52 per cent higher in Wednesday’s session at 11:07AM (IST). The stock opened at Rs 2351.35 and has touched an intraday high and low of Rs 2390.0 and Rs 2334.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 2438.5 and a 52-week low of 1357.55. About 2,221 shares changed hands on the counter so far.

Benchmark Nifty50 was down 8.9 points at 17990.30, while the BSE Sensex traded 4.97 points higher at 60327.34 at the time of writing of this report.



In the Nifty pack, 23 stocks traded the day in the green, while 27 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-Sep-2021, while FIIs held 5.21 per cent and MFs 2.16 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2028.54 on November 17, while the 50-DMA was at Rs 2230.13. 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.

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