BASF India trades up 2 per cent on back of rating upgrade
Shital Jibhe / 07 Dec 2017
The share price of BASF India surged 2.08 per cent intraday on Thursday to Rs. 2,006 per share, up Rs. 40.80, or 2.08 per cent on the BSE.
The share price of BASF India surged 2.08 per cent intraday on Thursday to Rs. 2,006 per share, up Rs. 40.80, or 2.08 per cent on the BSE.
The credit rating agency, India Ratings and Research Private has assigned A1+ rating for the commercial paper program of Rs. 750 crore. Instruments with this rating are considered to have a very strong degree of safety regarding timely payment of financial obligations and carry lowest credit risk. This is in addition to the credit rating of A1+ awarded to the company by CRISIL for the commercial paper program.
The share touched its 52-week high Rs. 2,075 per share on November 22, 2017 and 52-week low Rs. 1,025 on December 7, 2016. The company’s trailing 12-month (TTM) EPS was at Rs. 39.02 per share (September 2017). The stock’s price-to-earnings (P/E) ratio was 51.61. The share price rose by 95 per cent in the last one year.
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