BASF, a major player in the
bio-tech sector has seen a fluctuation in its performance. Despite the weak financials, the stocks have been
rising, receiving
buy ratings and Jefferies has upgraded the BASF stock as chemical spreads improved recently. The company seems to be preparing its
agricultural business for
IPO and working towards a
partial listing of its agriculture division. However, the stock performance has been worryingly
inconsistent, with a notable loss of 15% in the last three years. There has been a proposal to reduce the
dividend for the next four years which is coupled with a
structural overhaul. BASF has started to
divest its oil and gas activities aiming for more
bio-based investments like Ethyl Acrylate. But, risks regarding jobs cutting at Battery Materials Plant and Q1
earnings drop can't be overlooked. Amidst this, BASF India's stock records a
positive growth, outperforming the sector and market, receiving
'Buy' and
'Strong Buy' ratings from MarketsMOJO. This indicates the
resilience and
strong fundamentals of BASF's Indian unit.
BASF Stocks News Analytics from Mon, 27 Nov 2023 08:00:00 GMT to Thu, 07 Nov 2024 10:52:46 GMT -
Rating 0
- Innovation 1
- Information 8
- Rumor -2
