Siemens, Volkswagen and BASF see shares fall

Several German industrial giants have seen their share prices fall after reporting disappointing results.

Siemens, Europe's largest engineering conglomerate, reported a drop in third-quarter profits, sending shares down 0.8%.

Chemical firm BASF and carmaker Volkswagen also saw their stocks drop.

Expect 20-25% return in BASF: SP Tulsian

Expect 20-25% return in BASF, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "BASF is a multinational company. In the last couple of years the company has diversified its product range and now the products are all used in the leather, textile, dispersion, plastics and agrochemical. Earlier the focus of the company used to be more on the agrochemicals and the larger portion of the topline used to come from that due to which we used to see two better quarters working that was for June and September. But now we have been seen the working spread evenly on all the four quarters and that is the reason the company has been showing consistent and improved performance in the last couple of years."