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Siemens rides on Delhi metro rail mandate

DALAL STREET SPIKES

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Our Markets Bureau Mumbai
Last Updated : Jan 28 2013 | 12:57 PM IST
The share price of Siemens hit a new high of Rs 1,194 on the National Stock Exchange (NSE) before ending marginally lower.
 
The stock was in the limelight in early trades on Friday following news that the company will execute a Delhi Metro Rail Corporation order in partnership with its parent Siemens AG.
 
The stock hit an intra-day, all-time high of Rs 1,194, before closing at Rs 1,168.95, down 0.12 per cent from its previous close.
 
The stock was, however, thinly traded with just 6,830 shares traded on the Bombay Stock Exchange (BSE) and over 16,000 shares on the NSE.
 
The stock has been on a roll of late. From a low of Rs 765.40 on June 2, 2004, it has now appreciated more than 52 per cent to Friday's close of Rs 1,173.10.
 
The order, which has been won by Simens AG, is for the supply of signalling and communications systems to the metro rail project. The order is worth euro 49 million (about Rs 277 crore), a company release said.

 
 

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First Published: Sep 25 2004 | 12:00 AM IST

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