5:16 pm - Wednesday May 13, 4939

Siemens inches up securing order in Bangladesh

Siemens rose 0.79% to Rs 1,486.15 at 12:35 IST on BSE after the company said it has won a crucial turnkey order worth approximately Rs 123 crore from Power Grid Company of Bangladesh, the country’s leading transmission utility.

The announcement was made during market hours today, 16 July 2015.

Siemens-Meanwhile, the S&P BSE Sensex was up 150.56 points or 0.53% at 28,348.85.

On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 36,308 shares in the past one quarter.

The stock was volatile. The stock rose as much as 0.98% at the day’s high of Rs 1,489 so far during the day. The stock rose 0.06% at the day’s low of Rs 1,475.40 so far during the day. The stock had hit a record high of Rs 1,499.55 on 13 March 2015. The stock had hit a 52-week low of Rs 770 on 16 October 2014.

The stock had outperformed the market over the past one month till 15 July 2015, surging 12.15% compared with Sensex’s 6.06% rise. The scrip had also outperformed the market in past one quarter, rising 3% as against Sensex’s 2.09% fall.

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

Siemens’ net profit rose 83.4% to Rs 161.87 crore on 2.6% decline in net sales to Rs 2588.89 crore in Q2 March 2015 over Q2 March 2014.

Siemens, in which Siemens AG holds 75% of the capital, is the flagship listed company of Siemens AG in India. Siemens focuses on the areas of electrification, automation and digitalization.

-Business Standard