Siemens lost 2.57% to Rs 594 at 15:16 IST on BSE, with the stock sliding on profit taking after recent rally triggered by firm's announcement that its order inflow rose 7% to Rs 10957.30 crore in FY 2013 over FY 2012.
Meanwhile, the S&P BSE Sensex was down 24.50 points or 0.12% at 20,400.52.
On BSE, 50,000 shares were traded in the counter as against average daily volume of 75,000 shares in the past two weeks.
The stock was volatile. The stock lost as much as 2.89% at the day's low of Rs 592 so far during the day. The stock rose as much as 1.09% at the day's high of Rs 616.35 so far during the day. The stock had hit a 52-week high of Rs 698.75 on 13 December 2012. The stock had hit a 52-week low of Rs 414.05 on 3 September 2013.
Shares of Siemens had surged 8.46% in two trading sessions to settle at Rs 609.65 on Tuesday, 26 November 2013, from Rs 562.05 on 22 November 2013 after the company at the time of announcement of Q4 September 2013 results after market hours on 22 November 2013 said that its order inflow rose 7% to Rs 10957.30 crore in the year ended 30 September 2013 (FY 2013) over the year ended 30 September 2012 (FY 2012).
Siemens reported a net profit of Rs 149.19 crore in Q4 September 2013 as against net loss of Rs 55.76 crore in Q4 September 2012. Total income declined 3.41% to Rs 3272.24 crore in Q4 September 2013 over Q4 September 2012.
In Q4 September 2013, Siemens initiated the sale and transfer of its Postal & Parcel Logistics Technologies and Airport Logistics Technologies business (both forming part of the Infrastructure and Cities Sector) to Siemens Postal Parcel & Airport Logistics, a 100% subsidiary of Siemens AG, effective from the close of business on 30 September 2013 for a consideration of Rs 128 crore and a profit of Rs 115 crore. In view of the amalgamations, current quarter figures are not comparable with corresponding quarter figures.
Siemens' net profit fell 43.47% to Rs 194 crore on 12.29% decline in sales to Rs 11145.20 crore in FY 2013 over FY 2012.
Siemens is the flagship listed company of Siemens AG in India. It is a leading powerhouse in electronics and electrical engineering. Germany's Siemens AG holds 75% stake in Siemens (as per the shareholding pattern as on 30 September 2013).
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