BASF India down 6% after Q4 profit fall

BASF India

10/05/2023 09:47

** Shares of BASF India Ltd  BASF.NS  fall as much as 5.9%
to 2,282.3 rupees, biggest intraday pct. loss since Jan. 31
    ** Chemical manufacturer's March-qtr profit falls 45% to
823.9 mln rupees ($10.07 mln), hurt by lower revenue in its
chemicals segment
    ** Co's sale of products falls 3.3% to 32.5 bln rupees
    ** Trading volume at ~61,800 shares as of 2:50 p.m. IST, 5x
the 30-day avg 
    ** Up to last close, stock down 14% so far this year


($1 = 81.7800 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))