Shares of 3M IndiaBSE 7.99 % surged as much as 9.76 per cent in the afternoon trade on Friday after the company reported 40.55 per cent rise in net profit at Rs 90.39 crore for the quarter ended March 31, 2017 against Rs 64.31 crore in the corresponding quarter last year.
Total income of the company jumped 12.16 per cent on a year-on-year basis to Rs 663.88 crore for the quarter under review. Its total income was at Rs 591.90 crore in the same quarter last year.
Shares of the company were trading 8.40 per cent up at Rs 14120 at 1.10 pm (IST). The scrip opened at Rs 13320 and touched a high and low of Rs 14297.35 and 13274.30, respectively, in trade so far.
Benchmark BSE Sensex was trading 228.08 points, or 0.74 per cent, up at 30,978.
3M India had hit its 52-week high of Rs 15,200 on July 26, 2016 and 52-week low of Rs 10,055 on December 27, 2016.
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