BASF India's German parent has set out a plan to separate the agricultural solution business by 2027, in an effort to streamline and generate higher returns from its main businesses.
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Shares of BASF India are higher by 19% in last five days and up 21% in the last 30 days, while on YTD basis, BASF India has gained nearly 158%. This year, BASF India has given positive returns every month, barring January.
BASF SE, the German-based global chemical giant announced a new corporate strategy aimed at reshaping its portfolio and enhancing capital allocation and performance culture.
BASF India's portfolio consists of six segments: Agricultural Solutions, Materials, Industrial solutions, Surface Technologies, Nutrition & Care and Chemicals.
The company's Board of Directors also recommended payment of a final dividend of Rs 15 for the financial year ended March 31, 2024
BASF India share price gained 5.4 percent to close at Rs 3,089.1, the highest closing level since March 31, 2022 and formed big bullish candle with large volumes on the daily charts. Also it has broken the long downsloping resistance trend line (adjoining August 11, 2021 and October 18, 2021) on Monday.