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 ...

Recommended for you

Advertisements

Quick Links

Market News

Coal India 10% stake sale fully covered

Investors bid for 662 million shares of Coal India versus the issue size of 631.6 million shares

Sensex ends below 29,200; BSE Bankex down 3%

The 30-share Sensex provisionally ended down by 482 points at 29,199 and the 50-share Nifty slipped 130 points at 8,823.

Strides Arcolab gains on USFDA OKs oral dosage facility at Bangalore

The stock was up 4% at Rs 933 on BSE.

ICICI Bank dips over 5% post Q3 results

At 1445 hours, the stock was down nearly 6% at Rs 358 on National Stock Exchange.

Lupin extends gain on Cabinet nod to hike FII limit cap to 49%

The stock up 2% at Rs 1,580, extending its Thursday's 3% rally, on the government nod to raise the cap of FII to 49%.

 

Back to Top