Siemens shares fall 1.17 per cent in Wednesday's trading session
The Relative Strength Index of the stock stood at 79.69 on Wednesday.
Shares of fell 1.17 per cent to Rs 7198.6 in Wednesday's trade as of 01:48PM (IST) even as the benchmark ruled at 22579.45, up 50.41 points.The scrip had closed at Rs 7284.1 in the previous session. The stock quoted a 52-week low of Rs 3248.0 and a high of Rs 7358.45. The company quoted a market-cap of Rs 262049.31 crore on the .
On BSE, 7,339 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 112.24 times its trailing 12-month EPS of Rs 65.56 per share and 9.99 times its book value. The return on equity (ROE) stood at Rs 14.98.
Key Financials
For the quarter ended 31-Mar-2024, reported consolidated sales of Rs 6070.9 crore, up 22.04 per cent from the same quarter a year ago. The company reported 70.24 per cent YoY growth in net profit at Rs 802.5 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
