All-round show fueling rally in BASF India, stock up 40% so far in CY2021

The stock of BASF India has gained nearly 40 per cent so far in 2021, much of it in the last one month, as healthy demand across segments, focus on cost optimisation and expansion into high-margin niche products drive hopes of sustained profitable growth going forward. The agrochemicals business – accounting for nearly a quarter of its overall revenue – is seen growing at a steady pace on the back of healthy monsoon and strong rural demand. Increased off-take from end-user industries like pharmaceuticals and favourable pricing is likely to further enhance the performance of i.....

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