BASF India Cluster: Ugly Duckling Recommendation: Buy Price target: Rs390 Current market price: Rs343 Price target revised to Rs390 Result highlights BASF India?s stand-alone Q2FY2010 performance is in line with our expectation. The net profit for the quarter came in at Rs34 crore, up by 30.3% year on year (yoy), as compared with our estimate of Rs34.7 crore. The … [Read more...]