3M India hits 15-month high as Q4 profit jumps

3M India

30/05/2023 10:20

** Shares of 3M India Ltd  TMIN.NS  rise as much as 3.5% to 24,999.5 rupees, their highest
since Feb. 2022
    ** Diversified science and technology co reports a 22.4% rise in March-qtr consolidated
profit after tax of 1.36 billion rupees ($16.44 million)
    ** Revenue from operations rose ~13% Y/Y to 10.46 billion rupees
    ** Stock trading above its 50-, 100-, and 200-day exponential moving averages for nine
consecutive sessions
    ** About 8,941 shares change hands by 2:33 p.m. IST, 2.2x the 30-day avg - Refinitiv data
    ** Stock last up 1.6%, extending YTD gains to 11.6% 



($1 = 82.7387 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))