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    Buy 3M India, target price Rs 26000: ICICI Securities

    Synopsis

    3M India Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 24084.72 Crore) operating in Diversified sector.

    BuyGetty Images
    Promoters held 75.0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 5.34 per cent, DIIs 5.45 per cent.
    ICICI Securities has buy call on 3M India with a target price of Rs 26000. The current market price of 3M India Ltd. is Rs 21351.55. Time period given by analyst is one year when 3M India Ltd. price can reach defined target.

    3M India Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 24084.72 Crore) operating in Diversified sector.

    3M India Ltd. key Products/Revenue Segments include Sale of Products, Sale of services, Scrap for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 934.81 Crore, up 12.09 % from last quarter Total Income of Rs 833.97 Crore and up 12.04 % from last year same quarter Total Income of Rs 834.38 Crore. Company has reported net profit after tax of Rs 110.92 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 75.0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 5.34 per cent, DIIs 5.45 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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