BASF India Ltd
BASF

1,220.00

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Turnover (lac)
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Day's Vol.(shares)

1,212.00

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Turnover (lac)
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Accumulate
Reco. Price
Rs 1209.00
We recommend an ACCUMULATE as we expect focus on core business and restructuring of non-core business will improve revenue. Also, we expect better product mix will lead to EBITDA margin expansion by 400bps in FY17E. The stock is currently trading at FY17E EV/EBITDA of 52.9x. (Target Price - Rs.1,293)
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50 DMA (.)
1,193.15
100 DMA (.)
1,149.95
200 DMA (.)
1,133.95
Weekly Range (.)
1,183.00
1,274.50
Monthly Range (.)
1,136.10
1,274.50
52 Weeks Range (.)
826.50
1,348.00
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