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Siemens recovers on bargain hunting

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Capital Market
Last Updated : Jan 14 2014 | 11:55 PM IST

Siemens rose 1.73% to Rs 603.20 at 12:00 IST on BSE, with the stock recovering on bargain hunting after 3-day 6.03% slide.

Meanwhile, the S&P BSE Sensex was down 69.51 points or 0.33% at 21,064.70.

On BSE, so far 10,000 shares were traded in the counter as against average daily volume of 49,946 shares in the past one quarter.

The stock was volatile. The stock rose as much as 2.67% at the day's high of Rs 608.80 so far during the day. The stock lost as much as 0.49% at the day's low of Rs so far during the day. The stock had hit a 52-week high of Rs 682 on 26 December 2013. The stock had hit a 52-week low of Rs 414.05 on 3 September 2013.

The stock had underperformed the market over the past one month till 13 January 2014, declining 4.42% compared with the Sensex's 2.02% rise. The stock had, however, outperformed the market in past one quarter, jumping 16.29% as against Sensex's 2.95% 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 declined 6.03% in three trading sessions to settle at Rs 592.95 on Monday, 13 January 2014 from a recent high of Rs 631 on 8 January 2014.

Siemens reported a net profit of Rs 149.19 crore in Q4 September 2013 as against net loss of Rs 55.77 crore in Q4 September 2012. Net sales declined 2.5% to Rs 3187.90 crore in Q4 September 2013 over Q4 September 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 the shareholding pattern as on 30 September 2013).

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First Published: Jan 14 2014 | 11:57 AM IST

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