Strong Q1 results power Siemens

Strong Q1 results power Siemens

Siemens rose 4.21% to Rs 1,795 at 14:31 IST on BSE on posting 100.9% rise in net profit to Rs 197.05 crore in Q1 December 2007 over Q1 December 2006.

The company announced results during market hours today 31 January 2008.

Meanwhile, BSE Sensex was down 11 points or 0.07% to 17,748.22.

On BSE, 39,848 shares were traded in the counter. The stock had an average daily volume of 88,096 shares in the past one quarter.

The stock hit a high of Rs 1,8820 and a low of Rs 1,695 so far during the day. The stock had hit a 52 week high of Rs 2,250 on 23 November 2007 and a 52 week low of Rs 968 on 8 March 2007.

The large-cap scrip had outperformed the market over the past one month till 30 January 2008, declining 10.33% as compared to the Sensex’s fall of 12.52%. It also outperformed the market in the past one quarter, declining 6.79% as compared to the Sensex’s fall of 9.97%.

The company’s current equity is Rs 33.72 crore. Face value per share is Rs 2.

The current market price of Rs 1,795 discounts its Q4 September 2007 annualised EPS of Rs 73.22 by a PE multiple of 24.51.

The company’s total income rose 16.54% to Rs 1921.02 crore in Q1 December 2007 over Q1 December 2006.

Siemens manufactures and distributes switchgear items, electric motors and generators, switchboards, control boards, control systems and protection systems.