Siemens Share Price: Shares of Siemens rise as Nifty drops

Shares of . gained 0.83 per cent to Rs 2419.9 in Friday’s commerce as of 11:11AM (IST). It hit a excessive of Rs 2423.8 and low of Rs 2364.3 through the session.

The inventory quoted a 52-week excessive value of Rs 2577.45 and a low of Rs 1919.5. The return on fairness for the inventory stood at 10.53 per cent. About 1,837 shares have modified arms on the counter up to now.

The inventory’s beta worth, which measures its volatility in relation to the broader market, stood at 1.3.

The scrip has been an outperformer, up 19.81 per cent previously one yr compared with a 0.15 per cent fall in Sensex.

Technicals

On the technical charts, the 200-day transferring common (DMA) of the inventory stood at Rs 1919.5 on July 01, whereas the 50-DMA was at Rs 2332.98. If a inventory trades properly above 50-DMA and 200-DMA, it normally means the speedy development is upward. Then again, if the inventory trades properly under 50-DMA and 200-DMA each, it’s thought-about a bearish development and if trades between these averages, then it suggests the inventory can go both means.

Promoter/FII Holding

Promoters held 0.0 per cent stake in Siemens Ltd. as of 31-Mar-2022. Mutual funds and international institutional buyers held 2.52 per cent and 5.51 per cent stake.