Siemens lost 2.83% to Rs 1,419.50 at 11:45 IST on BSE after net profit fell 0.99% to Rs 186.27 crore on 6.34% growth in total income to Rs 2988.84 crore in Q2 March 2017 over Q2 March 2016.
The result was announced at fag end of the day's trading session yesterday, 10 May 2017, when the stock rose 1% to settle at Rs 1,460.90.Meanwhile, the S&P BSE Sensex was up 104.27 points, or 0.34% to 30,352.44.
On the BSE, 46,000 shares were traded in the counter so far, compared with average daily volumes of 27,416 shares in the past one quarter. The stock had hit a high of Rs 1,443.80 and a low of Rs 1,404 so far during the day. The stock hit a 52-week high of Rs 1,470 on 10 May 2017. The stock hit a 52-week low of Rs 1,011 on 9 November 2016.
The large-cap company has equity capital of Rs 71.22 crore. Face value per share is Rs 2.
Siemens registered 45% increase in new orders from continuing operations to Rs 7948 crore in the first half of calendar year 2017 (CY 2017) over CY 2016.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens said that all divisions of the company have performed well. With digital solutions, the company is supporting customers in finding solutions to problems that are foremost on their minds. Public sector business is growing well with focus by the Government on the transmission and distribution of power as also on modernizing the Indian railways.
Siemens focuses on the areas of electrification, automation and digitalization. It is one of the leading producers of technologies for combined cycle turbines for power generation; power transmission and distribution solutions; infrastructure solutions for Smart Cities and transportation; automation and software solutions for industry, and also supplier of healthcare equipments. As on 31 March 2017, Siemens AG held 75% stake in Siemens.
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