3M India spurted 6.33% to Rs 13,849.95 at 14:19 IST on BSE after net profit jumped 40.55% to Rs 90.39 crore on 12.17% increase in total income to Rs 663.88 crore in Q4 March 2017 over Q4 March 2016.
The result was announced during market hours today, 26 May 2017.
Meanwhile, the S&P BSE Sensex was up 256.70 points, or 0.83% at 31,006.73.
High volumes were witnessed on the counter. On the BSE, 2,357 shares were traded on the counter so far as against the average daily volumes of 408 shares in the past one quarter. The stock had hit a high of Rs 14,297.35 and a low of Rs 13,274.30 so far during the day.
The stock had hit a record high of Rs 15,200 on 26 July 2016 and a 52-week low of Rs 10,055 on 27 December 2016. The stock had outperformed the market over the past one month till 25 May 2017, advancing 13.5% compared with the Sensex's 2.69% rise. The scrip had also outperformed the market over the past one quarter advancing 17.68% as against the Sensex's 6.43% rise.
The large-cap company has equity capital of Rs 11.27 crore. Face value per share is Rs 10.
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3M India provides industrial, automotive, electrical, telecom and safety products.
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