Buy Akzo Nobel; target of Rs 1420: Firstcall

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Firstcall's research report on Akzo NobelAkzo Nobel India Ltd Present in India for over 60 years and a significant player in the paints industry. Over the years, it has witnessed sustained expansion, growth and transformation. In 2008, the Company became a member of the AkzoNobel Group. AkzoNobel India manufactures and markets a wide range of coatings covering Decorative paints Protective coatings and Specialty Chemicals. The company provides solutions to many industries and sectors including automotive, consumer electronics, power, aviation, shipping and leisure craft, construction, oil and gas, water and waste water, food and beverages, etc. The company also supplies industries and consumer with innovative products and are passionate about developing sustainable answers for its customers. The company’s portfolio includes well-known brands such as Dulux, Sikkens, International and Interpon. AkzoNobel India has manufacturing sites, offices and distribution network spread across the country. All manufacturing facilities have state-of-art environmental management system. Its commitment to Health, Safety, Environment & Security (HSE&S) has been amongst the best in class globally, with due care being taken to protect the people and the environment. We recommend ‘BUY’ in this particular scrip with a target price of Rs.1420.00 for Medium to Long term investment. For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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