3M India scales record high on strong Q1 result

3M India surged 10.69% to Rs 5,350 at 14:42 IST after net profit jumped 102.1% to Rs 25.45 crore on 10.1% rise in net sales to Rs 455.09 crore in Q1 June 2014 over Q1 June 2013.

The Q1 result was announced after market hours on Friday, 1 August 2014.

Meanwhile, the BSE Sensex was up 180.63 points, or 0.71%, to 25,661.47

On BSE, so far 1,528 shares were traded in the counter as against an average daily volume of 656 shares in the past one quarter.

The stock hit a record high of Rs 5,499 in intraday trade today, 4 August 2014. The stock hit a low of Rs 5,000 so far during the day. The stock hit a 52-week low of Rs 2,880 on 28 August 2013.

The stock had outperformed the market over the past one month till 1 August 2014, rising 7.17% compared with 0.14% fall in the Sensex. The scrip also outperformed the market in past one quarter, rising 28.58% as against Sensex's 13.66% rise.

The mid-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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