FIIs also raised their stake in Sheela Foam, Tata Coffee, Akzo Nobel India, BASF India, Datamatics Global Services, Garden Reach Shipbuilders & Engineers, PSP Projects, Honda India Power Products and Hindustan Copper during the same period.

Shares to buy! FIIs go big on these 29 stocks for 6th straight quarter

Chemicals manufacturer BASF on Wednesday posted a 45 per cent decline in net profit at Rs 82.39 crore in the March quarter.

BASF net profit falls 45% YoY to Rs 82.39 crore in Jan-Mar quarter

Revenue from the company’s main division, the materials business, slipped to 9.78 billion rupees, from 10.13 billion rupees year ago.

BASF India posts 45% slide in quarterly profit on sluggish sales

BASF Standalone March 2023 Net Sales at Rs 3,276.89 crore, down 3.32% Y-o-Y

Buzzing stocks L&T, Dr Reddy’s Lab, Vedanta, Biocon, JP Associates, PTC India, Indiabulls Real Estate, HPCL, Kesar India, Pricol, BASF, Bosch, Escorts, Venky’s India, SRF, Greaves Cotton, Raymond

Stocks to watch today — May 10, 2023

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

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