Goldman Sachs through its affiliate Goldman Sachs Funds-Goldman Sachs India Equity Portfolio has invested Rs. 3,150 bought around 3.36 lakh shares, compared to Tuesday’s close of Rs. 3,624 per share was at a 13% discount to the closing price.
The stock on the NSE fell 14% today to Rs. 3,130 was settled.
Imperial Chemical Industries holds 45.46% stake in the company as on September 30, 2025, representing over 2 crore equity shares.
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Promoter’s stake sale with the company’s share price falling by over 11%.
According to Trendline data, the shares are currently trading at Rs. 3,374.9 and Rs. is trading below its 50-day and 200-day simple moving average (SMA) of 3,418.4.
Akzo Nobel reported a sharp rise in its quarterly net profit, with profit after tax (PAT) including extraordinary items for Q2FY2025-26 at Rs. 1,682.7 crore, compared to Rs. 75.8 crore showing a significant increase of 2119.8%.
Excluding its divested powder coatings and IRC businesses from the company’s operations in the quarter, Rs. 834.9 crore, compared to Rs. 847.7 crore was down 1.5%.
In terms of operating performance, earnings before interest and tax (EBIT) for Q2FY26 was reported at Rs 92.3 crore, down 2.4% from Rs 94.5 crore reported in Q2FY25.
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