 "Siemens hits record high; surges 60% in two-months")
Shares of Siemens have moved higher by 6% to Rs 1,342, extending its past two-month rally on BSE.
The stock hit a record high of Rs 1,356 on BSE during intra-day trade and rallied 60% in past two-months from Rs 844 on December 23, 2014. The benchmark S&P BSE Sensex gained 6.6% during the same period.
Since February 9, 2015, the stock surged 22% from Rs 1,103 after the mobility division of Siemens has won three orders worth approximately Rs 450 crore from Varanasi-based Diesel Locomotive Works of Indian Railways for locomotive equipment.
The company will supply and supervise the installation and commissioning of three- phase propulsion systems for diesel electric locomotives - AC-AC traction systems (including locomotive controller) and three-phase traction motors.
Siemens has been reliable partner of the Indian Railways for over 60 years and has been providing various solutions for safe and efficient rail transportation from its well established factories and extensive service network across the country.
Meanwhile, Union railway minister Suresh Prabhu will table the Railway Budget on Thursday, February 26.
The stock hit a record high of Rs 1,356 on BSE during intra-day trade and rallied 60% in past two-months from Rs 844 on December 23, 2014. The benchmark S&P BSE Sensex gained 6.6% during the same period.
Since February 9, 2015, the stock surged 22% from Rs 1,103 after the mobility division of Siemens has won three orders worth approximately Rs 450 crore from Varanasi-based Diesel Locomotive Works of Indian Railways for locomotive equipment.
The company will supply and supervise the installation and commissioning of three- phase propulsion systems for diesel electric locomotives - AC-AC traction systems (including locomotive controller) and three-phase traction motors.
Siemens has been reliable partner of the Indian Railways for over 60 years and has been providing various solutions for safe and efficient rail transportation from its well established factories and extensive service network across the country.
Meanwhile, Union railway minister Suresh Prabhu will table the Railway Budget on Thursday, February 26.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%