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    Buy Akzo Nobel India, target price Rs 2800: ICICI Securities

    Synopsis

    ​Akzo Nobel India, incorporated in the year 1954, is a Mid Cap company (having a market cap of Rs 10541.90 Crore) operating in Building Materials sector.

    Akzo NobeliStock
    Promoters held 74.76 per cent stake in the company as of 31-Dec-2022, while FIIs owned 2.71 per cent, DIIs 9.17 per cent.
    ICICI Securities has buy call on Akzo Nobel India with a target price of Rs 2800. The current market price of Akzo Nobel India is Rs 2313.05.

    Akzo Nobel India, incorporated in the year 1954, is a Mid Cap company (having a market cap of Rs 10541.90 Crore) operating in Building Materials sector.

    Akzo Nobel India key Products/Revenue Segments include Paint, Varnishes & Enamels, Sale of services, Other Operating Revenue, Lease Rentals, Scrap and Duty Drawback for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 999.20 Crore, up 7.32 % from last quarter Total Income of Rs 931.01 Crore and up 8.72 % from last year same quarter Total Income of Rs 919.06 Crore. Company has reported net profit after tax of Rs 97.40 Crore in latest quarter.

    The company’s top management includes Mr.Oscar Wezenbeek, Mr.Rajiv Rajgopal, Mr.R Krishna, Mr.Hemant Sahai, Ms.Smriti Rekha Vijay, Mr.Amit Jain. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 31-12-2022, the company has a total of 5 Crore shares outstanding.

    Promoter/FII Holdings
    Promoters held 74.76 per cent stake in the company as of 31-Dec-2022, while FIIs owned 2.71 per cent, DIIs 9.17 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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