3M India ends higher after upbeat Q4 results, dividend

3M India

28/05/2024 11:07

** Shares of 3M India  TMIN.NS  closed up 9.9% after soaring
as much as 11.8% to post highest level since end-Jan 2024
    ** 'Post-it' notes maker's consol Q4 PAT rose 27% y/y,
revenue up 5% y/y
    ** Indian arm of U.S.-based 3M Co  MMM.N  also approved 160
rupees/shr final dividend and 525 rupees/shr special dividend 
    ** Trading vols 19x 30-day avg 
    ** YTD TMIN has shed 8.1% after a 70% gain in 2023  

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))