Siemens Shares Gain After Strong Earnings

26 Nov 2014, 10:23 AM IST

Shares in Siemens Ltd gained 1.24 per cent on Wednesday. The company reported more than two-fold increase in its September quarter net profit.

Margin improvement is seen across all business verticals on a sequential basis, Motilal Oswal Securities said.

"Operational performance was in line with expectations and adjusted net profit stands above the estimates," it said.

Siemens shares were trading up 0.40 per cent at Rs 917.85, on BSE as of 10.18 a.m.