3M India tumbled 4.39% to Rs 21,884.65 after a block deal of 2 lakh equity shares, or 1.8% stake, of the firm was struck on the NSE today, 18 October 2019.
Shares of 3M India surged 14.75% in the past three trading sessions to settle at Rs 22,889.05 yesterday, 17 October 2019, from its close of Rs 19,946.75 on 14 October 2019.
Meanwhile, the S&P BSE Sensex was up 189 points or 0.48% to 39,240.60.
On the BSE, 3,703 shares were traded in the counter so far compared with average daily volumes of 243 shares in the past two weeks. The stock hit an intraday high of Rs 23,489.90 and an intraday low of Rs 20,750 so far during the day.
The stock hit a 52-week high of Rs 25,361.10 on 16 April 2019. The stock hit a 52-week low of Rs 18,200 on 16 September 2019.
3M India's consolidated net profit slipped 28.1% to Rs 90.13 crore on 7.8% increase in net sales to Rs 804.50 crore in Q1 June 2019 compared with Q1 June 2018.
3M India is a technology company which offers tapes, adhesives, advanced ceramics, sealants, specialty materials, closure systems for personal hygiene products, as well as offers scotch masking tape, scotch filament tape and scotch packaging tape.
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