Akzo Nobel India rallies 5%; hits record high on healthy growth outlook

Quick Summary:

Akzo Noble India shares climbed following the start of commercial production of powder coating products from its Gwalior plant with an installed capacity of 5,166 tonne per annum.

Akzo Nobel India has recently launched an uber-luxury interior emulsion under the brand Dulux Velvet Touch Eterna.

Analysts at ICICI Securities, in a result update on the company, said there is likely superior revenue mix in decorative paints considering the expansion in gross margins.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Dulux Paints Q1 Powder coating products Akzo Nobel India share Uber-luxury interior emulsion Gwalior plant Paints

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 11:54:21 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 773 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22443709

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