The German chemicals giant said in a statement on Friday that 2023 earnings before interest and tax (EBIT), adjusted for special items, would fall to between 4.8 billion euros ($5.09 billion) and 5.4 billion, declining further from 6.9 billion in 2022, which was down 11.5% from 2021.

Here is why chemical company BASF will fire 2600 employees

Europe’s competitiveness is increasingly suffering from overregulation, slow and bureaucratic permitting processes, and in particular, high costs for most production input factors

BASF to cut 2,600 jobs as firm adjusts to future without cheap Russian gas

BASF SE will cut 2,600 positions, about 2% of its global workforce, to reap cost savings as Europe’s biggest chemical firm adjusts to a future without cheap Russian gas.

BASF To Cut 2,600 Jobs To Save Costs In Energy Crisis

BASF flags earnings decline, job cuts on high costs in Europe

BASF, which in October last year laid out plans to cut annual costs in Europe by 500 million euros, specified on Friday that this would translate into about 2,600 jobs to be cut, about 65% of which would be in Germany.

BASF to cut 2,600 jobs, flags earnings decline

Mr. Mani, Sunil Kukreja of Birla Carbon and Mayur Kapasi of BASF have joined us in the discussion over expectations of corporate from Budget 2023. Mr. Mani said that the Budget needs to make an impact that matters. More so in respect of customs and global trade. It is based on the foundation of three pillars.

#budget2023 #whatinbudget #deloitte
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Budget 2023 | Budget Dialogue With MS Mani Of Deloitte, Sunil Kukreja of Birla Carbon, Mayur Kapasi

Executives from firms including chemicals giant BASF , Deutsche Bank and industrial group Siemens pushed back on the government’s plans in a call with Economy Minister

German strategy paper targets China trade dependence, says report

Stocks to watch out for today: Tata Consumer, Apollo Tyres, BASF India, Indian Overseas Bank, InterGlobe Aviation, Keystone Realtors, Inox Green Energy, Voltamp Transformers, IIFL Wealth Management, HEG, Can Fin Homes, Fino Payments Bank and more

Stocks in news: Tata Consumer, Apollo Tyres, Inox Green, Can Fin Homes and more

B&K Securities is bullish on select stocks from the chemical space, which has already produced over 50 wealth creators in the past five years. The brokerage has a ‘Buy’ call on players such as SRF, BASF India, Gujarat Fluorochemicals, Aarti Industries and Atul Ltd. Historical data showed that Jyoti …

Up to 5,800% return in 5 years! B&K Securities bullish on 5 stocks from multibagger theme

Transaction provides partial exit to Tata Capital Innovations Fund

Sea6 Energy raises $18.5 m in Series B funding from BASF Venture Capital, Aqua-Spark

Force Motors Ltd, Hindustan Aeronautics Ltd, JSW Energy Ltd and Jaiprakash Power Ventures Ltd are among the other gainers in the BSE’s ‘A’ group today, 08 August 2022.

BASF India Ltd leads gainers in ‘A’ group

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

BASF India Limited is engaged in providing chemicals, plastics, performance products and crop protection products. The Company's segments include Agricultural Solution, Performance Products, Chemicals, Functional Materials & Solutions, and Others.

BASF India Ltd