These transactions will enable Akzo Nobel India to focus on its liquid paints and coatings business and become a fully brand-and-technology-independent company for its core decorative paints business.

The company’s revenue declined by 3.2 per cent YoY to Rs 342.6 crore, compared to Rs 353.8 crore in Q3 FY24.

Paint Stock Soars on Strategic Review Announcement

The group has a share of over 55 per cent in the organised domestic paints market (the second-largest player has a market share of 19 per cent).

This company is a large-cap having a market cap of over Rs 70,000 crore. According to the quarterly and annual financial results, the company reported positive numbers. The company has been maintaining a healthy dividend payout of 36.70 per cent.

On Wednesday, the bulls on Dalal Street held on to the momentum going up as Sensex crossed the psychological 60,000 mark whereas Nifty travelled towards the 18,000-level due to softening inflation and robust FII buying in the current month.