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

Jubilant FoodWorks gain as RBI allows hike in FII limit

The Reserve Bank of India said that foreign institutional investors would be able to purchase up to 55% of the paid-up capital in the company.

Markets gain after a flat start; RIL up 1%

Heavyweights like ICICI Bank, ITC, ONGC among top gainers

Market is still in a strong bull run

The Nifty has reacted from resistance in the 6,810-6,820 zone, where it has hit historic highs recently. Poor wholesale inflation data and ...

Wipro gets BSE, NSE approval to merge subsidiaries with itself

Exchanges said they received confirmation from the company that the scheme does not violate or override provisions of securities laws

Rabi arrivals, elections cast shadow on agri commodities

Prices dip in last one month as strict vigil on cash transfers hampers payments at a time when rabi crop arrivals increasing

Back to Top