BASF buzzes for fifth straight session; stock zooms by nearly 11 per cent

BASF continued its gaining streak on Monday as the stock of the company rose for the fifth straight trading session. The stock recorded its fresh 52-week high at Rs 1,870 since October 2018.

BASF India Ltd had previously announced of acquiring a 100 per cent stake in BASF Performance Polyamides India Private Limited from BASF Nederland BV and BASF SE for an aggregate consideration of Rs 302.90 crore, after which, BASF Performance Polyamides India Private Limited is now considered as a wholly-owned subsidiary of the company.

On Friday i.e. August 24, 2020, the stock of BASF had ended at its upper circuit of 20 per cent after Plutus Wealth Management acquired 3.15 lakh shares or 0.73 per cent stake in the company.

Continuing its upward climb, the stock gained nearly 75.92 per cent on YTD basis while gaining by almost 40 per cent in the last week alone.

BASF India Limited is engaged in providing chemicals, plastics, performance products, and crop protection products. Its business segments mainly include agricultural solutions, performance products, chemicals, functional materials & solutions, etc. 

The stock of BASF was trading at Rs 1,792.65 per share, up by 10.85 per cent or Rs 175.5 per share. The intraday day high is Rs 1,870 while its intraday low is Rs 1,664.10. Its 52-week high is Rs 1,870 while the 52-week low is Rs 795 on BSE.