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.

Read more on:    Chemicals | Basf India | Rallis India
Related News

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

WB summer rice crop likely to be higher by 25% to 7.5 mn tonne

Nearly 68% of total population of West Bengal resides in rural areas, according to last census

Potato prices spurt on output damage

Unseasonal rainfalls, hailstorms hit the crop badly

Markets closed on account of election day in Mumbai

Markets will remain closed today on account of voting for the general elections in Mumbai constituencies

Sebi revises norms for liquidity enhancement schemes

Exchanges can provide trading incentives for three years

Slow start for VIX futures

High costs, lot size said to be impediments

Back to Top