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Axis Securities has buy call on BASF India with a target price of Rs 3130. The current market price of . is Rs 2866.2. Time period given by analyst is Intra Day when Ltd. price can reach defined target.
BASF India Ltd., incorporated in the year 1943, is a Mid Cap company (having a market cap of Rs 12420.38 Crore) operating in Chemicals sector.
BASF India Ltd. key Products/Revenue Segments include Chemicals, Sale of services and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 3891.08 Crore, up 14.43 % from last quarter Total Income of Rs 3400.55 Crore and up 29.00 % from last year same quarter Total Income of Rs 3016.29 Crore. Company reported net profit after tax of Rs 196.75 Crore in latest quarter.
Investment Rationale
“Multiple Resistance” breakout at 2800 along with huge volumes and sustaining above multiple SMAs.
Promoter/FII Holdings
Promoters held 73.33 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.71 per cent, DIIs 6.45 per cent.
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