Akzo Nobel India surged 3.78% to Rs 1,508.60 at 14:10 IST on BSE after company's net profit rose 87.86% to Rs 51 crore on 4.72% increase in revenues to Rs 687 crore in Q3 December 2014 over Q3 December 2013.
Meanwhile, the S&P BSE Sensex was down 403.31 points or -1.43% at 29,258.41.
On BSE, so far 15,309 shares were traded in the counter as against average daily volume of 10,014 shares in the past one quarter.
The stock hit a high of Rs 1,550 and a low of Rs 1,496 so far during the day. The stock had hit a record high of Rs 1,501.60 on 29 January 2015. The stock had hit a 52-week low of Rs 758 on 12 February 2014.
The stock had underperformed the market over the past one month till 29 January 2015, gaining 7.26% compared with Sensex's 8.34% rise. The scrip had, however, outperformed the market in past one quarter, gaining 11.68% as against Sensex's 9.53% rise.
The mid-cap paint manufacturer has equity capital of Rs 46.66 crore. Face value per share is Rs 10.
Akzo Nobel's operating profit jumped 125% to Rs 68 crore in Q3 December 2014 over Q3 December 2013.
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