Monday , October 18 2021

Siemens trades higher on the bourses

Siemens is currently trading at Rs. 1510.00, up by 18.75 points or 1.26% from its previous closing of Rs. 1491.25 on the BSE.

The scrip opened at Rs. 1491.25 and has touched a high and low of Rs. 1522.40 and Rs. 1491.25 respectively. So far 8969 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1716.55 on 23-Oct-2019 and a 52 week low of Rs. 901.50 on 29-Nov-2018.

Last one week high and low of the scrip stood at Rs. 1596.80 and Rs. 1470.50 respectively. The current market cap of the company is Rs. 53626.37 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 14.14% and 10.86% respectively.

Siemens is in talks with various stakeholders for developing industrial energy storage solutions to cash in on the government effort to boost battery storage plans. India has set an ambitious target of having 225 GW of renewable energy capacity by 2022.

Besides, the company’s digitalisation initiatives have continued to gain traction across all market verticals and they are experiencing increased interest by customers in their integrated digital solutions.

Siemens is a technology powerhouse that has stood for engineering excellence, innovation, quality and reliability. The company focuses on the areas of electrification, automation and digitalization.

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