BASF surges on plan to invest €50 million to set up new R&D centre

10 Dec 2014 Evaluate

BASF India is currently trading at Rs. 1302.75, up by 29.70 points or 2.33 % from its previous closing of Rs. 1273.05 on the BSE.

The scrip opened at Rs. 1276.00 and has touched a high and low of Rs. 1309.95 and Rs. 1259.35 respectively. So far 2702 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1388.05 on 30-Sep-2014 and a 52 week low of Rs. 566.00 on 27-Jan-2014.

Last one week high and low of the scrip stood at Rs. 1364.00 and Rs. 1250.00 respectively. The current market cap of the company is Rs. 5596.83 crore.

The promoters holding in the company stood at 73.33 % while Institutions and Non-Institutions held 7.09 % and 19.57 % respectively.

BASF is expanding its research and development (R&D) presence in Asia Pacific by investing €50 million to set up an innovation campus at its existing plant in Navi Mumbai. The research and development centre will employ 300 scientists when it becomes fully operational by the end of next year.

At present, the company has one R&D centre at Chandivli in Mumbai with 50 scientists and another start-up centre at its plant in Navi Mumbai. All the research work would be consolidated at the new facility being built.

BASF India is a leading player in chemical sector and manufactures and markets a wide range of products such as expandable polystyrene, tanning agents, leather chemicals and auxiliaries including specialized metal complex dyes etc. in primary forms and crop protection chemicals.

BASF India Share Price

5642.05 -51.20 (-0.90%)
23-Dec-2024 14:50 View Price Chart
Peers
Company Name CMP
UPL 509.40
BASF India 5642.05
PI Industries 3798.75
Bayer CropScience 5837.55
Sumitomo Chemical India 513.60
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