Siemens hits new high on record order book, market-cap crosses Rs 1 trn

The company not experiencing a slowing down in public and private capex spending; however, concerned about global headwinds impacting demand which could result in a slowdown in Capex spending.

Shares of Siemens hit a new high at Rs 2,845.75, up 1 per cent on the BSE in Wednesday’s trade, extending its rally on the bourses on strong order book position. In the past three months, the stock of the heavy electrical equipment company has outperformed the market by surging 26 per cent, as compared to 8 per cent rise in the S&P BSE Sensex.

A sharp surge in stock price, has helped Siemens enter the elite club of companies with a market capitalisation (m-cap) of over Rs 1 trillion. At 10:59 am; with a m-cap of Rs 1.01