Akzo Nobel can be bought on declines: Avinnash Gorakssakar

Avinnash Gorakssakar, Founder & Director, Moneyinvestments.in in a chat with ET Now gives his views on paint companies.

ET Now: Do you like any of the paint companies?

Avinnash Gorakssakar: Clearly Akzo Nobel looks pretty good. In fact, the Q4 numbers were also pretty strong and the company has also announced a buy-back at around 920 odd levels.

So it is a MNC company, gives good dividend. So. on every decline this could be a good opportunity because 920 means that there is a decent arbitrage for the buyback also.

Clearly, in terms of MNC they have been making a good presence in the residential paint market. So, from a medium term perspective Akzo Nobel looks pretty good.