Akzo Nobel stock plunges 15% after block trade, biggest intraday fall since March 2020

Akzo Nobel shares fell 15% after 4.88 million shares, or 10.7% equity, traded hands in a block, according to Bloomberg data. The paint company's stock had its biggest intraday fall since March 2020, paring gains to trade 13.5% lower. The counter has fallen 12.7% this year, compared to a 9.5% advance in the Nifty 50. Akzo Nobel has a total market capitalisation of ₹14,222.92 crore.