The stock fell 14% today to close at Rs 3,130 on the NSE.Imperial Chemical Industries held 45.46% stake as on September 30, 2025, which amounts to over 2 crore shares in the company.
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The promoter’s sale, which saw the company’s share price fall by more than 11%.
According to Trendlyne data, the stock is currently trading below its 50-day and 200-day simple moving averages (SMAs) of Rs 3,374.9 and Rs 3,418.4 respectively. Akzo Nobel reported a sharp rise in quarterly net profit, with profit after tax (PAT), including exceptional items for Q2FY2025-26, at Rs 1,682.7 crore, a significant increase of 2,119.8% from Rs 75.8 crore in the same period a year ago.
The company’s operating income for the quarter, excluding the divested Powder Coatings and IRC businesses, stood at Rs 834.9 crore, down 1.5% from Rs 847.7 crore in the corresponding quarter last year.
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 in Q2FY25.
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