BASF India trades in green on the BSE

30 Apr 2013

BASF India is currently trading at Rs. 584.70, up by 18.40 points or 3.25% from its previous closing of Rs. 566.30 on the BSE.

The scrip opened at Rs. 567.25 and has touched a high and low of Rs. 615.50 and Rs. 567.25 respectively. So far 44750 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 769.90 on 20-Dec-2012 and a 52 week low of Rs. 543.60 on 18-May-2012.

Last one week high and low of the scrip stood at Rs. 579.95 and Rs. 552.00 respectively. The current market cap of the company is Rs. 2536.11 crore.

The promoters holding in the company stood at 73.33% while Institutions and Non-Institutions held 6.64% and 20.03% respectively.

BASF India has reduced the number of Business Segments from five to four in order to serve its customers more effectively and to enhance its operational and technological excellence. A new division known as 'Performance Materials' has been created in the current Functional Solutions segment, which has been re-named as 'Functional Materials & Solutions'.

Similarly, a new Division known as 'Monomers' has been created under the Chemicals Segment. Consequently, the Chemicals Division will now comprise of Intermediates, Monomers and Petrochemicals businesses. The Company has adopted the new segment structure with effect from April 01, 2013.

The Performance Materials business bundles BASF’s innovative, downstream plastics from the current Performance Polymers and Polyurethanes divisions, which were earlier part of the Plastic Segment. Plastics Segments will now cease to exist.

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.


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