BASF India fell 4.11% to Rs 1,310 at 11:05 IST on BSE, with the stock extending Tuesday's slide triggered by the company reporting net loss in Q3 December 2014.
Meanwhile, the S&P BSE Sensex was up 10.82 points or 0.04% at 28,795.49
On BSE, so far 11,000 shares were traded in the counter as against average daily volume of 8,738 shares in the past one quarter.
The stock hit a high of Rs 1,360.05 and a low of Rs 1,299.45 so far during the day. The stock had hit a record high of Rs 1,497.60 yesterday, 20 January 2015. The stock had hit a 52-week low of Rs 566 on 27 January 2014.
The stock had outperformed the market over the past one month till 20 January 2015, surging 17.54% compared with Sensex's 5.16% rise. The scrip had also outperformed the market in past one quarter, advancing 9.56% as against Sensex's 8.91% rise.
The mid-cap chemical manufacturing company has equity capital of Rs 43.29 crore. Face value per share is Rs 10.
Shares of BASF India have declined 9.16% in two trading sessions from a recent high of Rs 1,442.15 on 19 January 2015 after the company during market hours hours yesterday, 20 January 2015 reported net loss in Q3 December 2014. The stock had fallen 5.27% to settle at Rs 1,366.15 yesterday, 20 January 2015.
BASF India reported a net loss of Rs 39.59 crore in Q3 December 2014 compared with net profit of Rs 1.07 crore in Q3 December 2013. Net sales rose 3.5% to Rs 974.29 crore in Q3 December 2014 over Q3 December 2013.
BASF in India manufactures polymers, tanning agents, leather chemicals and auxiliaries, crop protection chemicals, textile chemicals, dispersions and specialty chemicals, performance plastics, automotive and coil coatings, construction chemicals, polystyrene and polyurethane systems. It also markets a wide range of intermediates, catalysts and other chemicals for life sciences, chemical and allied industries in the country.
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