Meanwhile, the BSE Sensex was up 21.66 points, or 0.12% to 17,354.28.
On BSE, 7,356 shares were traded in the counter as against average daily volume of 25,528 shares in the past one quarter.
The stock had hit a high of Rs 815 and a low of Rs 792 so far during the day. The stock had hit a 52-week high of Rs 951 on 26 July 2011. The stock had hit a 52-week low of Rs 627.05 on 20 December 2011.
The stock had underperformed the market over the past one month till 12 April 2012, falling 2.24% compared with the Sensex`s 1.45% fall. The scrip had, however, outperformed the market in past one quarter, surging 9.58% as against Sensex`s 8.08% gain.
The large-cap engineering company has an equity capital of Rs 68.06 crore. Face value per share is Rs 2.
The Siemens stock has risen 4.41% in two trading sessions from Rs 769.80 on Wednesday, 11 April 2012, after the company said after market hours on 11 April 2012, it will amalgamate Siemens Power Engineering (SPEL) -- a 100% subsidiary of Siemens AG, Germany. The stock had risen 2.38% to settle at Rs 788.15 on Thursday, 12 April 2012.
Siemens said the share swap ratio for the proposed amalgamation of SPEL is such that for every 13 equity shares of the face value of Rs 10 each of SPEL, Siemens will issue 6 equity shares of the face value of Rs 2 each. Siemens will issue a total of 34.61 lakh shares on account of the amalgamation.
On the realization of the amalgamation, the total strength of approximately 800 employees of SPEL will be absorbed by Siemens, the company said.
SPEL provides engineering services, and engineering, procurement and construction (EPC) solutions mainly for power generation projects. It also offers design engineering services and 3D computer aided designs for power plants, electrical substations, steel plants to Siemens AG and its affiliated companies worldwide.
Siemens` net profit fell 70.3% to Rs 70.72 crore on 7.6% decline in net sales to Rs 2361.04 crore in Q1 December 2011 over Q1 December 2010. The company unveils Q2 March 2012 results on 27 April 2012.
Siemens, a 75% subsidiary of Siemens AG, Germany, is a leading powerhouse in electronics and electrical engineering. It operates in the core business areas of industry, infrastructure & cities, energy and healthcare.
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