Shares of Siemens hit a new high at Rs 2,845.75, up 1 per cent on the BSE in Wednesday’s trade, extending its rally on the bourses on strong order book position. In the past three months, the stock of the heavy electrical equipment company has outperformed the market by surging 26 per cent, as compared to 8 per cent rise in the S&P BSE Sensex.
A sharp surge in stock price, has helped Siemens enter the elite club of companies with a market capitalisation (m-cap) of over Rs 1 trillion. At 10:59 am; with a m-cap of Rs 1.01 trillion, Siemens stood at number 50th position in overall m-cap ranking on the BSE, the exchange data shows.
