Basf India Soars On June: quarter profit surge

BASF India

07/08/2024 09:42

** Shares of chemicals maker BASF India  BASF.NS  up 16.7%
to 6,740.65 rupees
    ** Stock set for best day since early August 2021
    ** June-quarter profit rose 95.6% YoY to 2.21 bln rupees
($26.3 mln)
    ** BASF's German parent reported a marginal 0.6% rise in Q2
adjusted earnings last month
    ** Trade vol at more than 345,000 shares, highest since
mid-May
    ** Rival Deepak Fertilisers and Petrochemicals'  DPFE.NS 
profit also surged, SRF's  SRFL.NS  profit dropped
    ** BASF up 2.2X YTD, DPFE and SRF up ~46% and ~4%
respectively

($1 = 83.9444 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))