Showing posts from February 14, 2010

The Siemens story so far

Although markets have been very choppy over the past few trading sessions one stock which has been gaining highly is Siemens. I have been tracking this scrip for just over a year now. A year back it was trading at around Rs.200 levels. The stock has been gradually moving up over the period of past one year. Infact, towards the middle of last year the stock suddenly broke loose from Rs.300 levels and gained around Rs. 100-150 within a period of seven days to touch Rs.500 levels for the first time. This was followed by some profit taking which led to this scrip correcting a bit. But Siemens gradually kept moving upwards along with the sensex and nifty through the rest of 2009. This company is fundamentally strong and does not get affected so easily by market movements. So far in 2010 it has had a good run and has hit the 52 week high today. To put things into perspective Siemens has grown well over 200% in just over one year. Having said that I think there shall be a bit of profit taking