Akzo
Nobel India, a manufacturer of decorative and industrial paints, has seen a 10
percent increase in the stock. Actually, the board of directors of the
company will be meeting on Friday. There is a possibility of considering
the share buyback proposal in this meeting. This is why the stock has also
accelerated. When the market was closed, the stock price jumped 7.45
percent to Rs 1,940.
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| Share Market Tips |
The
board of directors of the company is scheduled to meet on Friday. There is
a possibility of discussing the buyback proposal in this meeting. In the
last one year, the stock of Akzo Nobel India declined by 8%. The smallest
company in the Acura Domestic Organized Paint Sector, famous for the DLUX
brand.
Move on such a stock
Exxon
Nobel's stock opened at Rs 1,902.00 on Wednesday, compared with the closing
price of Rs 1,805.55 a day earlier. During the turnover, the company's
stock went up to the highest level of Rs 1,979.90, while the low level of Rs
1,860 was also touched.
Growth of 20.50% in Net Profit
In
the third quarter ending December 31, 2017, Net profit of Exo Nobel stood at
82.63 crores, with 20.50% growth. Net sales was up 5.77 per cent. Net
sales of Rs 711.99 crores in Q3 2017
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