3M India gallops after blockbuster Q3 outcome

3M India surged 15.9% to Rs 11,738.95 at 10:56 IST after net profit jumped 240% to Rs 56.61 crore on 17.4% rise in net sales to Rs 510.82 crore in Q3 December 2015 over Q3 December 2014.

The result was announced after market hours on Friday, 5 February 2016.

Meanwhile, the BSE Sensex was up 15.42 points, or 0.06%, to 24,632.39

On BSE, so far 4,538 shares were traded in the counter as against an average daily volume of 209 shares in the past one quarter. The stock hit a high of Rs 12,154.65 and a low of Rs 10,700 so far during the day. The stock hit a record high of Rs 12,899 on 29 September 2015. The stock hit a 52-week low of Rs 6,499 on 10 February 2015. The stock had underperformed the market over the past one month till 5 February 2016, sliding 6.48% compared with 3.77% decline in the Sensex. The scrip also underperformed the market in past one quarter, falling 11.59% as against Sensex's 6.41% fall.

The large-cap company's equity capital is Rs 11.27 crore. Face value per share is Rs 10.

3M India provides industrial, automotive, electrical, telecom and safety products.

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