Siemens hits record high; up 3% on posting 39% jump in Q4 net
Shares of Siemens hit a fresh record high of Rs 3,940 after the company reported a solid earnings growth in the fourth quarter ended March 2023. At 12:55 PM, the stock was up 2.9 per cent at Rs 3,905 on trades of around 17,000 shares as against the two-week average volume of around 14,000 shares on the BSE. Meanwhile, the S&P BSE Sensex was up 0.1 per cent at 61,965.
Siemens is focused on industry, infrastructure, transport-relatd technology, as well as transmission and generation of electrical power.
The stock has been one of the top outpeformers in the calendar year 2023, as it gained investors attention on the back of government spending on infrastructure, especially railways, metros and highways, after a pause due to the COVID-19 pandemic.
