ICICI Securities recommended reduce rating on Akzo Nobel with a target price of Rs 2650 in its research report dated August 04, 2023.

Reduce Akzo Nobel; target of Rs 2650: ICICI Securities

Akzo Nobel India’s stock has been in an uptrend since June, recently breaking out of resistance at ₹2,790. Intraday traders can buy at ₹2,825, with target and stop-loss at ₹2,890 and ₹2,765 respectively. Risk of loss in trading exists.

Stock to buy today: Akzo Nobel India (₹2,825.1)

Akzo Nobel NV lifted expectations for the year after the paintmaker cut costs with raw material set to fall.

Akzo Nobel’s Outlook Improves on Cost Cuts, Lower Expenses

The company said the paints and coatings industry encompasses a diverse range of products, with the architectural segment dominating the sector, accounting for 69 per cent on volume basis, and industrial sector the remaining 31 per cent.

Paints, coatings industry to touch Rs 1 lakh-crore in five years: Akzo Nobel India

Akzo Nobel India predicts the paints and coatings industry in India to reach ₹1 lakh-crore in the next five years, growing from its current size of ₹62,000 crore. The architectural segment dominates the industry, accounting for 69 per cent on volume basis, with the industrial sector comprising the r…

Paints, coatings industry to touch ₹1 lakh-crore in five years: Akzo Nobel India

The Indian paints and coatings industry is likely to grow to Rs 1 lakh crore in the next five years from the current Rs 62,000 crore, according to Akzo Nobel India’s annual report. Due to softening of raw material prices, the paint industry’s margins are also expected to improve. New entrants in the…

Indian paints & coatings industry estimated to grow to Rs one lakh crore in next 5 years

Akzo Nobel India, the makers of Dulux Paints, is looking to scale up distribution, both online and offline channels and invest more on brand building moving forward. It has also identified creating “differentiation” and “winning in adjacencies” as strategic pillars of growth

Akzo Nobel India to scale up distribution; create differentiation as a part of growth strategy

FIIs also raised their stake in Sheela Foam, Tata Coffee, Akzo Nobel India, BASF India, Datamatics Global Services, Garden Reach Shipbuilders & Engineers, PSP Projects, Honda India Power Products and Hindustan Copper during the same period.

Shares to buy! FIIs go big on these 29 stocks for 6th straight quarter

Revenue from operations on standalone basis increased by nearly 10 per cent at ₹951 crore (₹867 crore)

Akzo Nobel India registers 27% rise in net profit in Q4FY23

Paints and coatings maker Akzo Nobel India Ltd on Tuesday reported a 2 per cent decline in its consolidated net profit to Rs 95.4 crore for the fourth quarter ended on March 31, 2023.

Akzo Nobel India net profit down 2% to Rs 95.4 cr in March quarter

Akzo Nobel posted revenue at Rs 951.40 crore, up 9.7 per cent as against Rs 867.10 crore in the fourth quarter of FY22.

Akzo Nobel Q4FY23 profit grows 27.7% to Rs 95.40 crore, revenue up 9.7% | The Financial Express

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Akzo Nobel India Limited is engaged in manufacturing of paints, varnishes, enamels or lacquers, organic and inorganic chemical compounds. The Company operates through two segments: Coatings and Others.