Monday, May 16, 2016

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Market Buzz - Akzo Nobel India hits 9-mth High on upbeat Q4 .

http://www.researchvia.com/free-trials/
 
** Akzo Nobel India rises as much as 6 pct to 1,440 rupees, its highest since Aug. 14, 2015
 
** The maker of paints, varnishes and enamels on Friday posted an 18 pct jump in March-qtr profit
 
** Recommends a special dividend of 50 rupees ($0.75) per share, in addition to normal dividend of 20 rupees/shr
 
** ICICI Securities says company's Q4 performance exceeded its expectations on all counts; upgrades stock to "buy" from "hold" and raises PT to 1,610 rupees from 1,417 rupees  
 
** Brokerage expects consolidated sales and earnings to grow at CAGRs of 13 pct and 14 pct, respectively, over FY16-FY18 ($1 = 66.8500 Indian rupees) 
 
 **Read More - Trending Stocks

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