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Siemens drops after 5-day 22.4% rally

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Capital Market
Last Updated : Sep 12 2013 | 11:58 PM IST

Siemens lost 4.62% to Rs 490 at 11:54 IST on BSE, with the stock sliding on profit booking after 5-day 22.49% rally.

Meanwhile, the S&P BSE Sensex was down 147.24 points or 0.74% at 19,850.21.

On BSE, 1.06 lakh shares were traded in the counter as against average daily volume of 47,869 shares in the past one quarter.

The stock hit a high of Rs 519.95 and a low of Rs 488.50 so far during the day. The stock had hit a 52-week low of Rs 414.05 on 3 September 2013. The stock had hit a 52-week high of Rs 749.95 on 4 October 2012.

The stock had outperformed the market over the past one month till 11 September 2013, jumping 13.84% compared with the Sensex's 6.43% rise. The scrip had, however, underperformed the market in past one quarter, declining 9.84% as against Sensex's 4.46% rise.

The large-cap company has equity capital of Rs 71.22 crore. Face value per share is Rs 2.

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Shares of Siemens had rallied 22.49% in five trading sessions to settle at Rs 513.75 on Wednesday, 11 September 2013, from a recent low of Rs 419.40 on 3 September 2013.

Siemens reported a net loss of Rs 48.83 crore in Q3 June 2013, as against net profit of Rs 36.20 crore in Q3 June 2012. Net sales declined 13% to Rs 2588.39 crore in Q3 June 2013 over Q3 June 2012.

Siemens is the flagship listed company of Siemens AG in India. It is a leading powerhouse in electronics and electrical engineering. Germany's Siemens AG holds 75% stake in Siemens (as per shareholding pattern as on 30 June 2013).

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First Published: Sep 12 2013 | 11:53 AM IST

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