Siemens gains after winning order

Siemens rose 0.52% to Rs 1370.70 at 9:19 IST on BSE after the company, together with its parent company Siemens AG, has won an order totalling Rs 183 crore from NTPC.

The announcement was made after market hours yesterday, 13 October 2015.

Meanwhile, the BSE Sensex was down 53.01 points, or 0.20%, to 26,793.52.

On BSE, so far 506 shares were traded in the counter, compared with an average volume of 37,503 shares in the past one quarter.

The stock hit a high of Rs 1,371.50 and a low of Rs 1,366 so far during the day. The stock hit a record week high of Rs 1,558 on 6 August 2015. The stock hit a 52-week low of Rs 770 on 16 October 2014.

The stock had outperformed the market over the past one month till 12 October 2015, rising 7.51% compared with 5.05% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 4.87% as against Sensex's 2.74% decline.

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

The component of Siemens in the order is approximately Rs 97 crore. The scope of work includes modernization as well as maintenance of controls and instrumentation at NTPC's Dadri Power Gas Station.

Siemens' net profit rose 1195.23% to Rs 168.25 crore on 0.1% increase in net sales to Rs 2322.01 crore in Q3 June 2015 over Q3 June 2014.

Siemens focuses on the areas of electrification, automation and digitalization. It is one of the leading producers of energy-efficient, resource-saving technologies; combined cycle turbines for power generation; and power transmission solutions. Siemens is a pioneer in infrastructure solutions and automation and software solutions for industry. The company is also a leading supplier of medical imaging equipment - such as computed tomography and magnetic resonance imaging systems - and a leader in laboratory diagnostics as well as clinical IT. Siemens, in which Siemens AG holds 75% of the capital, is the flagship listed company of Siemens AG in India.

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