BASF, witnessed a rise in share price on Wednesday after it is planning to set up a new Innovation Campus in Navi Mumbai, India with an investment of Euro 50 million (about Rs 3,600 million) via BASF Chemicals India Private, a wholly owned subsidiary of BASF SE.

The facility will accommodate around 300 scientists investigating areas such as crop protection, process development and polymer research.

Shares of the company are trading at Rs 1,298.60, up Rs 25.55, or 2.01% at the Bombay Stock Exchange (BSE) on Wednesday at 12:18 p.m.

The scrip has touched an intra-day high of Rs 1,309.95 and low of Rs 1,259.35. The total volume of shares traded at the BSE is 2,634.