Siemens is currently trading at Rs 673.70, up by 4.15 points or 0.62% from its previous closing of Rs 669.55 on the BSE.
The scrip opened at Rs 674.00 and has touched a high and low of Rs 677.80 and Rs 671.15 respectively. So far 4088 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 838.80 on 21-Feb-2012 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 684.00 and Rs 649.60 respectively. The current market cap of the company is Rs 23707.66 crore.
The promoters holding in the company stood at 73.84% while Institutions and Non-Institutions held 12.37% and 13.79% respectively.
In light of depleting order inflows and dwindling profits, Siemens is planning to cut capital expenditure. With uncertain business environment, the company will be taking a series of measures to prune costs, strengthen core business activities, improve sales, and optimize the use of its facilities in sync with its parent company’s strategy. Further, the reports also suggest that company will also focus on its low-cost and high-technology ‘SMART’ products, which contribute 15 per cent of the order in-take.
The company has reported a net loss of Rs 55.77 crore for the quarter ended September 30, 2012 as compared to a net profit of Rs 270.82 crore for the same quarter in the previous year. Total income has decreased by 4.65% at Rs 3375.18 crore for quarter under review as compared to Rs 3539.67 crore for the quarter ended September 30, 2011.
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