Shares of
3M India said its first quarter Net Profit leapt 55 percent to 39.50 crore rupees compared with 25.44 crore rupees in the same quarter a year ago. Sales during April-June rose 12 percent to 518.6 crore rupees from 462.6 crore rupees in the year ago period.
3M India rose 392 rupees, or 3.9 percent, to 10,354 rupees, a record high on the National Stock Exchange, where 25,900 shares were traded by 12:28 pm compared with the 5-day average of 5,470 shares.
3M India's market capitalisation has jumped 97 percent in the past one year to 11,580 crore rupees as investors preferred companies with huge R&D strengths and a global portfolio of products to sell in India.
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