Akzo Nobel, intra day spiked up almost 5% at Rs.1429. Its 52-week high is at Rs.1548.70. Volumes have jumped up from a two-week average of 745 shares to around 4200 shares today morning.

This sudden spark of love for the stock is thanks to two things – firstly the encouraging performance for Q4FY16 and secondly, the very liberal dividend payout. The company, apart from the Rs.20/share ‘normal’ dividend, announced a Rs.50/share special dividend to mark 5 years of its merged entity.

It ended Q4FY16 with a 14% (YoY) growth in total revenue at Rs.677 crore. Operating profit rose 52% at Rs.73 crore and net profit came in at Rs.53 crore, up 18%.

The company ended fiscal FY16 with a 8% jump in total revenue at Rs.2740 crore and net profit coming in at Rs.202 crore, up 8%. Debt free, the company is mostly certainly doing very well. Q1, seasonally for any paint company is the best – summer holidays and painting before monsoon. Thus we could see more colors in coming months.

As at 31^st march 2016, promoters held 72.96% of which 49.24% is held by Imperial Chemical Industries of ICI which Akzo had acquired and balance 23.72% is held by the Dutch parent company.