Accumulate Akzo Nobel in the paint sector: G Chokkalingam

In a chat with ET Now, G Chokkalingam, Executive Director & Chief Investment Officer, Centrum Wealth Management shares his view on Akzo Nobel

ET Now: On the charts Berger Paints and Asian Paints and how are you positioning yourself there?

G Chokkalingam: In fact, we started selling these stocks. I would suggest Akzo Nobel in terms of valuation it is very attractive. In fact this morning it has announced Rs 8 dividend including Rs 60 special dividend and it gives you more than 7% dividend yield which is very rare in the MNC space. It is attractively valued as compared to other two paints companies. So I would suggest at current price accumulating Akzo Nobel in the paint sector.