Siemens surges on launching 10 value-based products

21 Dec 2011

Siemens is currently trading at Rs 641.80, up by 10.90 points or 1.73% from its previous closing of Rs 630.90 on the BSE.

The scrip opened at Rs 642.50 and has touched a high and low of Rs 650.00 and Rs 640.00 respectively. So far 2341 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 951.00 on 26-Jul-2011 and a 52 week low of Rs 627.05 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs 678.90 and Rs 627.05 respectively. The current market cap of the company is Rs 21469.21 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 11.63% and 13.37% respectively. 

Siemens, an electrical equipment maker, has launched additional 10 value-based products under its 'Smart' portfolio taking the total number of such products to 20 since it launched the first product in the last fiscal. The newly-launched products are targeted at a range of verticals like aviation, power distribution, building, infrastructure, healthcare, material handling, manufacturing and industrial applications.

These products under ‘Smart’ portfolio are high in performance and cost-competitive and have a very high utility value. Further, they are available at price points that a vast majority of customers can afford. Under the Smart portfolio, which stands for simple, maintenance-friendly, affordable, reliable and timely-to- market services the company plans to launch another 10 products in next year.

In 2011, the demand for the ‘Smart’ products has doubled to over 10 percent of total order intake as compared to 5 percent in 2010.

Related Siemens Ltd. Links:

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