BASF India gains on inaugurating pharma technical lab at its innovation campus

03 Aug 2017

BASF India is currently trading at Rs. 1433.00, up by 20.15 points or 1.43% from its previous closing of Rs. 1412.85 on the BSE.

The scrip opened at Rs. 1427.80 and has touched a high and low of Rs. 1440.00 and Rs. 1427.80 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1809.85 on 30-Jun-2017 and a 52 week low of Rs. 986.00 on 04-Aug-2016.

Last one week high and low of the scrip stood at Rs. 1539.70 and Rs. 1407.00 respectively. The current market cap of the company is Rs. 6,237.00 crore.

The promoters holding in the company stood at 73.33%, while Institutions and Non-Institutions held 9.86% and 16.80% respectively.

BASF India has inaugurated a pharma technical lab ‘BASF Pharma Solutions Lab’ at its innovation campus at Navi Mumbai in state of Maharashtra. This facility will cater to the fast-growing pharma market in South Asia, especially generic drug manufacturing, which accounts for more than 70 percent of the sector in India.

BASF India is a chemical manufacturing company. It operates in the business segments of agricultural solutions, performance products, plastics businesses and chemicals. The agricultural solutions include insecticides, herbicides, fungicides and specialties. BASF India operates as a subsidiary of BASF SE.


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