BASF India hits 52-week high after Plutus Wealth Mgmt buys 3.15 lakh shares

Shares of BASF India rallied as much as 15.6 per cent to hit a 52-week high of Rs 1,870 apiece on the BSE on Monday after Plutus Wealth Management bought 3,15,000 shares of the company at an average price of Rs 1,584.46, NSE data showed. 

At 12:39 PM, the stock was ruling at 1,739.95 up 7.6 per cent on the BSE as compared to 0.9 per cent rise in the benchmark S&P BSE Sensex. 

Last week, BASF India announced that the company has acquired 100 per cent stake in BASF Performance Polyamides India from BASF Nederland B.V. and BASF SE