A large-cap company whose market valuation 26,945.65 Crore, 3M India Limited works in Diversified Industry. Abrasives, Adhesives, Sealants and Fillers, Advanced Materials, Automotive Parts and Hardware, Building Supplies, Cleaning Supplies, Coatings, Compounds, and Polishes, Dental and Orthodontics, Laboratory Supplies and Testing, Labels, Lubricants, Personal Protective Tools, Office Supplies, Products manufactured by 3M India Limited include Signage & Marking, Tape & Tool Manufacturing. As per data from Value Research, 3M India Ltd. is a debt-free company, but what might seem more interesting to potential investors is that 3M India is one of those multibagger stocks that have made investors millionaires in the long run. made a millionaire. -Term investment.
Share Price History of 3M India
Shares of 3M India ended Friday’s trading session on BSE 23,919.65 per piece, up 4.50% from previous close 22,890.10. The total volume recorded by the stock was 1,188 shares lower than the 20-day average volume of 286 shares. The share price has risen dramatically 220 at the current market price on July 11, 1997, a multibagger return and an all-time high penetration of 10,772.57%; As a result, if an investor had invested 1 lakh were in stock 25 years ago, now the amount would have increased 1.08 crore
The stock has gained 64.12 per cent in the last five years, but has fallen 4.72 per cent last year. The stock has declined 7.30% year-over-year (YTD) in 2022. The stock had touched a 52-week high on BSE. 27,800.00 at (08/11/2021) and 52-week low of At 17,300.00 (27/05/2022), it shows that the stock is trading up 13.95% from the high and 38.26% from the low at the current market price. The stock was trading above the 5-day, 10-day, 20-day, 50-day, 100-day and 200-day exponential moving averages (EMA) at the close of Friday, indicating that a strong price movement is expected in the near term.
The RSI indicator price for 3M India Limited as on 16/09/2022 was 66.61, suggesting that the stock is neither overbought nor oversold. The stock is currently trading at a P/B ratio of 12.35, a PE of 82.68x and an EV/EBITDA of 53.05x when it is overvalued when compared to its peers such as Quess Corp Ltd., Bombay Burma Trading Corporation, Nava Ltd., Balmer Making stock. Lawrie & Company Limited
Should you buy 3M India shares?
On Thursday, research analysts at broking firm ICICI Securities said in their note that “3M India’s FY22 Annual Report highlights the following: (1) The company is expanding its local manufacturing capacity for respirators, masks, hand sanitizers etc. Is; It will also supply industry consumables to mobile phone manufacturing companies availing PLI schemes. (2) 3M India continues to invest in Scotch Bright to expand its offline and online reach. (3) It introduced four products in the automotive and consumer segments. We expect additional products to be launched as the economy returns to normal. (4) Royalty as a percentage of sales declined from 5.3% in FY2011 to 5.2% in FY2012. We remain positive on 3M India due to its competitive advantages such as: (1) strong brands, (2) established distribution network, and global relationships with large manufacturers, and (3) access to the parent technology pool.”
He further added that “We model 3M India to report revenue and PAT CAGR of 16.6% and 39.4% respectively in FY22-FY24E with consistent improvement in RoE. With a DCF-based target price of Rs 26,500 Keep Buy. Key Risks: Prolonged Weakness in the Economy, and Failure of New Products.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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