BASF India falls after Q2 profit drop

BASF India

12/11/2024 09:31

** Shares of BASF India  BASF.NS  slump 14.6% to 6,718.65
rupees
    ** The chemicals manufacturer's Q2 profit fell 14.2% Y/Y 
    ** Q2 total expenses grew 16.3% Y/Y, outpacing the 14.5% Y/Y
growth in sales and weighing on co's profit
    ** Trading volumes at 93,386, 1.7X the 30-day average
    ** BASF up ~126% YTD

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))