Earlier, the company had informed the stock exchanges that globally BASF SE will complete the legal and Enterprise Resource Planning (ERP) separation of the agricultural aolution business by 2027
The BSE Smallcap index slipped 2.5% or 1,346 points to 52,258 in Wednesday's intra-day trade and down 6.7% in the past one week as sustained FIIs selling and earnings disappointment weighed.
Net profit fell to Rs 128 crore ($15.2 million) for the three months ended Sept. 30, from Rs 149 crore a year earlier
The company's profit rose 36 per cent year-on-year (Y-o-Y) to Rs 22.1 crore in Q1FY25, from Rs 16.1 crore in the same quarter last year (Q1FY24).
Shares of Vadilal Enterprises (Rs 4,795.70), BASF India (Rs 6,925.70) and Venky's India (Rs 2,191.40) were locked in the upper circuit of 20 per cent on the BSE
The decline in stock price occurred following the announcement that BASF SE, the parent company, would sell its flocculants business for mining applications to Solenis