Siemens surges on reporting three fold jump in Q2 net profit

Siemens is currently trading at Rs 757.80, up by 17.95 points or 2.43% from its previous closing of Rs. 739.85 on the BSE. The scrip opened at Rs 766.00 and has touched a high and low of Rs 770.00 and Rs 753.00 respectively. So far 17754 shares were traded on the counter. The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 776.05 on 10-Apr-2014 and a 52 week low of Rs 414.05 on 03-Sep-2013. Last one week high and low of the scrip stood at Rs 774.00 and Rs 735.05 respectively. The current market cap of the company is Rs 26347.53 crore. The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 12.99% and 12.01% respectively. The company has reported around three fold jump in its net profit at Rs 88.26 crore for the quarter as compared to Rs 29.94 crore for the same quarter in the previous year. However, total income of the company has decreased by 8.52% at Rs 2715.07 crore for quarter under review as compared to Rs 2968.03 crore for the quarter ended March 31, 2013. Siemens is the flagship listed company of Siemens AG in India and is a major player in the electronics and electrical engineering business. Germany’s Siemens AG holds a 75 per cent stake in the company.