- By Aditya Pratap Singh
- Fri, 20 Dec 2024 02:36 PM (IST)
- Source:JND
Siemens India Share Price: Siemens' share price fell over 9% during the midday trade on Friday after analysts were disappointed by the fine print of the company's investor call on December 20, citing concerns about private equity and the supply chain for digital businesses. At around 2:15 pm, the stock was trading at Rs 6,963.60, down 8.76% compared to the previous day's closing price. on Friday. In the afternoon trade, Siemens shares were down 13% from its recent high of Rs 8,129.
In the morning the stock opened at Rs 7,705.0 per share on the NSE, and went on to hit an intraday low of Rs 6,914.05, registering a loss of up to 10% against the previous day's closing price of Rs 7,632.15 per share. Meanwhile, its 52-week high and low values stood at Rs 8,129.90 and Rs 3,809.15 respectively.
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Siemens, a multinational company, said that overall private equity has not increased significantly. Although private equity has been good in semiconductors and batteries, it has remained sluggish in traditional technologies.
The management also highlighted that the power sector has seen a strong demand from the transportation sector due to the shift to renewable energy and the high-voltage DC sector is expected to be a key driver of growth in the future. However, the company does not participate in LCC auctions in India or even globally but is in the VSC segment.
LCC stands for line commutated converter, while VSC stands for voltage source converter. However, the management claims that most of the company's current projects are based on LCC, while VSC projects are not very important.
Disclaimer: This is only a piece of news about the recent development in the shares. Jagran does not advise investing, please take expert opinion before investing.
