Siemens shares up 2.48% as Sensex rises

The stock opened at Rs 4600.05 and has touched an intraday high and low of Rs 4771.8 and Rs 4591.95 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 84.54, earnings per share (EPS) of Rs 56.26 and price to book value (PB) of 9.99, while the return on equity (ROE) stood at Rs 14.98.

Promoter/ FII Holding
The promoters held 75.0 per cent stake in the company as of March 14, while FII and MF ownerships stood at 7.89 per cent and 3.3 per cent, respectively.

Key Financials
With a market capitalisation of Rs 169376.14 crore, the company operates in the Capital Goods - Diversified industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 4989.3 crore, down 16.19 per cent from the previous quarter?s Rs 5953.2 crore and down 21.19 per cent from the same quarter a year ago. The company reported net profit of Rs 505.41 crore for the latest quarter, up 9.23 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 65.19. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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.