3M India Shares Surge 13% on Strong Q2 Results
3M India's shares rose 13% to Rs 34,700 after reporting a 43% year-on-year increase in Q2 profit to Rs 191 crore, with revenue up 14%. ICICI Securities raised its target price to Rs 35,700, citing robust auto demand and government infrastructure momentum.
3M India's stock price surged 13% to Rs 34,700 following the announcement of its Q2 FY26 financial results, which showed a significant 43% year-on-year jump in profit after tax to Rs 191 crore. Revenue for the quarter grew by 14%, driven by broad-based sales across all business segments. The strong performance was attributed to increased demand in the automotive sector and government-led infrastructure projects. In response to these results, ICICI Securities upgraded its target price for 3M India to Rs 35,700, highlighting the company's positive outlook. The market reacted positively, reflecting investor confidence in the company's growth trajectory and sectoral tailwinds.
