Saturday, August 4, 2012

BASF Q1 net up 36% at Rs 72 cr; stock rises 16%


Leading chemical company BASF  's net profit shot up by 36% year-on-year to Rs 71.7 crore in the quarter ended June 2012.

Net sales went up by 27% to Rs 1,289 crore from Rs 1,013.7 crore during the same period.

The stock gained as much as 16% intraday on Wednesday, before closing at Rs 629.15, with gain of 12.61%.

Even its trading volumes increased 31,183% to 3,70,203 equity shares as compared to its 5-day average of 1,183 shares.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

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