 "Siemens hits record high; surges 60% in two-months")
Shares of Siemens have moved higher by 6% to Rs 1,342, extending its past two-month rally on BSE.
The stock hit a record high of Rs 1,356 on BSE during intra-day trade and rallied 60% in past two-months from Rs 844 on December 23, 2014. The benchmark S&P BSE Sensex gained 6.6% during the same period.
Since February 9, 2015, the stock surged 22% from Rs 1,103 after the mobility division of Siemens has won three orders worth approximately Rs 450 crore from Varanasi-based Diesel Locomotive Works of Indian Railways for locomotive equipment.
The company will supply and supervise the installation and commissioning of three- phase propulsion systems for diesel electric locomotives - AC-AC traction systems (including locomotive controller) and three-phase traction motors.
Siemens has been reliable partner of the Indian Railways for over 60 years and has been providing various solutions for safe and efficient rail transportation from its well established factories and extensive service network across the country.
Meanwhile, Union railway minister Suresh Prabhu will table the Railway Budget on Thursday, February 26.
The stock hit a record high of Rs 1,356 on BSE during intra-day trade and rallied 60% in past two-months from Rs 844 on December 23, 2014. The benchmark S&P BSE Sensex gained 6.6% during the same period.
Since February 9, 2015, the stock surged 22% from Rs 1,103 after the mobility division of Siemens has won three orders worth approximately Rs 450 crore from Varanasi-based Diesel Locomotive Works of Indian Railways for locomotive equipment.
The company will supply and supervise the installation and commissioning of three- phase propulsion systems for diesel electric locomotives - AC-AC traction systems (including locomotive controller) and three-phase traction motors.
Siemens has been reliable partner of the Indian Railways for over 60 years and has been providing various solutions for safe and efficient rail transportation from its well established factories and extensive service network across the country.
Meanwhile, Union railway minister Suresh Prabhu will table the Railway Budget on Thursday, February 26.