CMP: 930

Akzo Nobel India Ltd. manufactures specialty chemicals, paints and starches. The Company's products include surfactants, methyl ethyl ketone peroxides, epoxy intumescent passive fire protection coating, chelating agents, powder polymers, rust preventive, salt and adhesives, and decorative paints, automotive finishes, and marine coatings.

Akzo Nobel is a safe bet in mid-cap space trading at a P/E of 22 with dividend yields of almost 3% in the last 12 months. It runs at Zero debt with 74 Crores cash in hand. Revenues have risen from 942 Crores to 1988 Crores in the last 5 years. Profits have risen from 60 Crores to 202 Crores although the growth is not consistent. Recent quarter results have been good. Buy and book profits when Nifty peaks.