Siemens rises on inking pact with Mafoi Strategic Consultants

24 Dec 2012

Siemens is currently trading at Rs. 661.30, up by 1.75 points or 0.27% from its previous closing of Rs. 659.55 on the BSE.

The scrip opened at Rs. 659.55 and has touched a high and low of Rs. 667.00 and Rs. 659.55 respectively. So far 4618 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. 630.05 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 682.85 and Rs. 657.00 respectively. The current market cap of the company is Rs. 23348.59 crore.

The promoters holding in the company stood at 74.71% while Institutions and Non-Institutions held 11.91% and 13.38% respectively.

Siemens has inked pact with Mafoi Strategic Consultants to establish a division for vendor management. The company is planning to start the division’s work with vehicle-makers and their parts suppliers, in initial days. Through this initiative, the company will be tracking and rating the performance of vendors that supply to OEMs (original equipment manufacturers) and will help them perform better.

Mafoi has also made up software that will offer a weekly dashboard of vendor data. The dashboard keeps real-time track of what is happening at the vendor end and whether he is on schedule or not.

Related Siemens Ltd. Links:

Siemens Share Price

1487.90 -9.20 (-0.61%) Dec 12, 10:51
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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