Basf India Sees Best Day In 2: 1/2 months on higher profit

BASF India

05/11/2020 04:30

** Shares of chemical co  BASF.NS  jump as much as 14.7% to
1,500 rupees in morning trading - set for best session since Aug
21
    ** If gains hold, stock to touch its highest since Oct 6 on
its second straight session of gains 
    ** Co posts Sept-quarter profit of 4.11 bln rupees ($55.33
mln) vs 23.2 mln rupees last year, helped by an exceptional gain
of 4.24 bln rupees (https://bit.ly/3kY9omc)
    ** Stock on track to mark biggest weekly pct gain since Aug
21, if gains hold
    ** Including session's gains, stock up ~53% YTD,
outperforming the 0.01% rise in the Nifty 500 index  .NIFTY500 
    



($1 = 74.2870 Indian rupees)

 (Reporting by Vibhuti Sharma in Bengaluru)
 ((RM: vibhuti.sharma.thomsonreuters.com@reuters.net))