Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
GMR Airports Ltd, Delhivery Ltd, Abbott India Ltd and Hindustan Petroleum Corporation Ltd are among the other gainers in the BSE's 'A' group today, 07 April 2025.
Siemens Ltd surged 18.24% to Rs 3040.05 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 3.97 lakh shares were traded on the counter so far as against the average daily volumes of 20120 shares in the past one month.
GMR Airports Ltd spiked 1.58% to Rs 82.05. The stock was the second biggest gainer in 'A' group. On the BSE, 14.78 lakh shares were traded on the counter so far as against the average daily volumes of 16.51 lakh shares in the past one month.
Delhivery Ltd soared 0.60% to Rs 259.8. The stock was the third biggest gainer in 'A' group. On the BSE, 10.76 lakh shares were traded on the counter so far as against the average daily volumes of 1.21 lakh shares in the past one month.
Abbott India Ltd exploded 0.48% to Rs 29187.45. The stock was the fourth biggest gainer in 'A' group. On the BSE, 218 shares were traded on the counter so far as against the average daily volumes of 446 shares in the past one month.
Hindustan Petroleum Corporation Ltd gained 0.40% to Rs 359.5. The stock was the fifth biggest gainer in 'A' group. On the BSE, 2.2 lakh shares were traded on the counter so far as against the average daily volumes of 2.8 lakh shares in the past one month.
The spin-off received approval from the National Company Law Tribunal (NCLT) on March 26, clearing the way for Siemens Energy India to become a separately listed entity. The media reported that the listing is expected within 60 to 90 days from the record date, aligning with Siemens AG’s global roadmap for a June 2025 listing.
Until the listing takes place, passive fund managers will continue to include the energy business in NSE and BSE indices for three trading days post-listing.
The Indian demerger comes nearly five years after Siemens AG spun off its energy business globally in 2020.
In leadership updates, Guilherme Vieira De Mendonca, former head of Siemens India’s energy division, has been named MD and CEO of Siemens Energy India. Harish Shekar, previously finance head of the division, will serve as executive director and CFO, while Sunil Mathur will chair the board.
Siemens Energy India Ltd. (SEIL) offers solutions across the full energy value chain—from power and heat generation, transmission to storage through a portfolio that includes conventional and renewable energy technology such as gas and steam turbines, hybrid power plants operated with hydrogen as well as power generators and transformers.
Meanwhile, Siemens is a leading technology company focused on industry, infrastructure and mobility. On a consolidated basis, net profit of Siemens rose 21.55% to Rs 614.30 crore while net sales declined 3.30% to Rs 3587.20 crore in Q1 December 2024 over Q1 December 2023.