Business Standard

BASF India rallies on robust Q1 earnings

On sequential basis, net profit has surged almost nine-fold at Rs 72 crore in June quarter from Rs 7.98 crore in March quarter.

Related News

BASF India has rallied 15% to Rs 644 on reporting 36% year-on-year (yoy) jump in net profit at Rs 72 crore for the quarter ended June 2012, on the back of strong growth in sales. Net sales grew 27% at Rs 1,289 crore on y-o-y basis.

On a sequential basis, net profit has surged almost nine-fold from Rs 7.98 crore in March quarter.

The company is a diversified manufacturer of and specialty chemicals have seen operating margins improve to 9.95% from 8.95% during the recently concluded quarter.

The stock opened at Rs 568 and hit a high of Rs 648 on the NSE. The trading volumes on the counter jumped multiple-fold, with a combined 879,675 shares changing hands so far, against an average sub 5,000 shares that were traded daily in past ten trading days.

Read more on:   
|
|

Read More

Sebi imposes fine on three persons for lack of disclosure

Pursuant to this purchase, their total holding rose to 11.2% in the company, crossing a threshold limit of 10% to attract the provisions of Sebi's ...

Quick Links

 

Market News

Today's picks- 22 October 2014

Nifty, Bank Nifty, Cipla & Tata Motors

Groundnut exports jump 38% in first half of FY 15

India exported over 220,000 tonnes of groundnut between April and September 2014

BSE shareholders approve BSE-USE merger

A news release from the BSE said that the BSE and USE will now be filing necessary petitions before the Bombay High Court

Sept steel output drops in major nations; India logs rise

In India steel production grew by 2.5% to 6.8 MT during the month

BSE shareholders approve merger with United Stock Exchange

BSE and USE will now be filing necessary petitions before the Bombay High Court seeking its sanction to the proposed scheme

Back to Top