BASF India

BASF India gets nods for setup of Compounding Plant

The board of directors of BASF India Limited has finally approved the proposal concerning setting up of compounding plant at Thane site for the engineering plastics (KT) business.

BASF, the world's biggest chemical company will invest Euro 2.9 million on the new plant, which would be financed by internal accruals and borrowings.

According to the company, the plant would have the capacity of 9000 TPA and expected to come on stream by the second half of 2009.

BASF India Q3 Income Zooms 24.58%

BASF India has declared the results for the third quarter ended Dec 31, 2007.

The branch of Germany-based BASF Aktiengesellschaft has registered an increase of 24.58% in its quarterly earnings, which stood at Rs 110 million as compared with Rs 88.30 million during the same period of the previous year.

The company’s earnings per share (EPS) for the quarter went up 24.60% to Rs 3.90 as against Rs 3.13 in prior year period.

BASF India Intraday Buy Call

BASF India is going against the market tide, and if the investors want to take advantage of this volatility, buy it around Rs 303. The stop loss is at Rs 298, and it will definitely reach above Rs 310 on BSE.

BASF India is looking too strong at current levels. So, don’t miss the opportunity. Buy the stock and see the difference. It will really outperform the stock market.

The stock (14 Jan) closed at Rs 302.35 on BSE. It’s better for traders to buy the stock before opening of the stock market.