Siemens slips after fixing bonus issue record date

Siemens declined 2.74% to Rs 1,627.95 at 14:21 IST on BSE after it fixed 3 March 2008 as the record date for the purpose of 1:1 bonus issue.

The company announced this during market hours today 1 February 2008.

Meanwhile, BSE Sensex was up 316.95 points or 1.77% to 17,965.66.

On BSE, 1.1 lakh shares were traded in the counter. The scrip had an average daily volume of 88,096 shares in the past one quarter.

The stock hit a high of Rs 1,718 and a low of Rs 1,590 so far during the day. The stock had a 52-week high of Rs 2,250 on 23 November 2007 and a 52-week low of Rs 968 on 8 April 2007.

The large-cap scrip had outperformed the market over the past one month till 31 January 2008, declining 12.78% compared to the Sensex's decline of 13.76%. It had however underperformed the market in the past one quarter, declining 12.1% compared to Sensex's decline of 11.65%.

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

The current price of Rs 1,627.95 discounts its Q1 December 2007 annualized EPS of Rs 46.75, by a PE multiple of 34.82.

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

The company's net profit rose 100.9% to Rs 197.05 crore on 17.7% rise in sales to Rs 1,914.43 crore in Q1 December 2007 over Q1 December 2006.