Will BASF forecast hurt desi companies too?

| Updated on July 09, 2019 Published on July 10, 2019

Germany firm BASF SE cut its 2019 sales and profit forecast by 30 per cent, as it succumbed to a deepening economic slowdown, a weakened automotive market and the fallout of the US-China trade spat. The cut was much bigger than many analysts had expected. With the warning coming from the one of the largest global chemical firms, analysts here fear that domestic peers such as UPL, Sharda Cropchem and Tata Chemicals may witness pressure.

Published on July 10, 2019
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