Siemens Share Price: Siemens shares rise 1.44% as Nifty gains

Estimated read time 7 min read
Shares of Siemens Ltd. traded 1.44 per cent up at Rs 4203.5 on Tuesday at around 11:26AM (IST), while the benchmark BSE Sensex advanced 224.17 points to 71955.59.

As many as 1,281 shares changed hands on the counter with a total value of Rs 0.54 crore.

The stock quoted a 52-week high price of Rs 4334.0 and a 52-week low of Rs 3020.0.

On the technical charts, the 200-DMA of the stock stood at Rs 3735.13, while 50-DMA was at Rs 4005.0. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 36.49 per cent in the past one year, while Sensex has risen 20.83 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 76.32 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Capital Goods – Diversified industry.

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