3M India - Strong Growth In End-User Industries Leading To Healthy EVA Creation: ICICI Securities

3M India Standalone June 2023 Net Sales at Rs 976.85 crore, up 9.79% Y-o-Y

3M India recorded a significant 54 per cent surge in net profit for the quarter ended June at ₹129 crore

3M India Q1 net profit jumps 54% to ₹129 crore

The bullish harami cross candlestick pattern has been observed for Indiabulls Housing Finance, 3M India, and Ingersoll-Rand (India) companies; the pattern points to a shift from bearish to bullish market sentiment. However, investors must carry out a thorough analysis of financial and industry indic…

Indiabulls Housing, 3M India and Ingersoll-Rand form Bullish Harami Cross. What does this suggest?

On a 5-year basis the 3M India stock has given a return of 33.42 percent. Thus underperforming the benchmark Nifty50 index by a considerable margin.

3M India jumps 3%, hits 52-week high on strong Q4 results

3M India, which makes everything from ‘Scotch’ tape and ‘Post-it’ notes to power tools and medical products, has been raising prices to offset the hit from surging commodity costs.

‘Post-it’ maker 3M India’s Q4FY23 profit rises 24% on strong demand | The Financial Express

3M India Consolidated December 2022 Net Sales at Rs 993.03 crore, up 20.18% Y-o-Y

Revenues jump 22% led by transport and electronics segment

3M India’s Q3 net up 66% at ₹113 crore

3M India reported 87% surge in consolidated net profit to Rs 124.81 crore in Q3 FY23 as compared to Rs 66.74 crore in Q3 FY22.

3M India PAT soars 87% to Rs 125 cr in Q3 FY23

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Stocks that will see action on February 8, 2023

The ace investor has picked stakes in three new companies 3M India, Andhra Paper, and United Breweries during the December quarter, while he reduced positions in Blue Dart Express, BF Utilities and VST Industries.

Most astute speculator, wisest investor: Fund manager after meeting Radhakishan Damani

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

3M India Limited is a technology company which works across various segments like industrial, packaging, healthcare, safety and graphics and consumer.

3M India Ltd