Shares In Siemens India Rally After A Good Set Of Results

Business

oi-Sunil

By Sunil Fernandes

| Published: Thursday, August 6, 2015, 11:39 [IST]

Shares in Siemens India rallied after the company reported a good set of numbers for the quarter ending June 30, 2015.

Net profits at the company jumped to Rs 168.26 crores for the quarter ending June 30, 2015 from Rs 161.86 crores reported in the previous quarter ending March 31, 2015.

Analysts feel that despite the company reporting a good set of numbers the shares are already highly valued at the current levels. Hopes are that economic recovery would benefit the company, though a significant turnaround in the economy has yet to be witnessed.

The shares of the company were last trading at Rs 1551 on the Bombay Stock Exchange after hitting a fresh 52-week high of Rs 1558 in trade today.

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