Siemens gains after winning order : 25 Jan 2017

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Siemens advanced 1.6 percent to Rs 1,182 on BSE after the company said it won an order worth around Rs 366 crore from Oil and Natural Gas Corporation.

The announcement was made after market hours yesterday, 24 January 2017.

Meanwhile, the BSE Sensex was up 104 points, or 0.4 percent, to 27,479.53.

On the BSE, so far 8,384 shares were traded in the counter, compared with average daily volumes of 19,295 shares in the past one quarter. The stock had hit a high of Rs 1,185 and a low of Rs 1,168.55 so far during the day.

The stock hit a 52-week high of Rs 1,355.40 on 25 July 2016. The stock hit a 52-week low of Rs 969 on 29 January 2016. The stock had outperformed the market over the past 30 days till 24 January 2017, rising 10.92 percent compared with the 6.08 percent rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 2.65 percent as against Sensex’s 1.66 percent decline.

The large-cap company has equity capital of Rs 71.22 crore. Face value per share is Rs 2.

Siemens announced that it has won an order worth approximately Rs 366 crore from Oil and Natural Gas Corporation (ONGC). The order includes supply of material for overhauling of 18 power turbines through zero hour overhaul and time continued overhaul.

Net profit of Siemens rose 1025.8 percent to Rs 2466.95 crore on 7.5 percent decline in net sales to Rs 2990.30 crore in Q4 September 2016 over Q4 September 2015.

Siemens focuses on the areas of electrification, automation and digitalization. As on 31 December 2016, Siemens AG held 74.16 percent stake in Siemens.

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