Multi Baggers
3M India
BSE ID : 523395 NSE ID : 3MINDIA
RECOMMENDED PRICE 1150.00
PEAK FROM RECO 33329.30 2,798.20%
CURRENT PRICE 29610.15 Resource id #17
3M India is doing well in each of its 6 divisions. A minimum of 30-40% growth in both the topline and bottomline can be expected.
3M India is an excellent multinational company. It is into a wide array of products and is doing very well in each of its 6 divisions. A minimum of 30-40% growth in both the topline and bottomline can be expected. The stock had gone upto a high of Rs 1749 and is currently available at around Rs 1150.
Though the stock is currently available for a high PE multiple, going forward, it should earn a minimum EPS of around Rs 45.
The stock has received some flak as the parent company 3M had a bad quarter, but the Indian divisions continue to perform very well. 3M Company holds 76% stake in 3M India. Yash birla owns around 7-8% stake in the company and he is expected to sell this stake. Post the sale, there maybe a buyback, open offer. The stock is a good long-term investment buy.
Disclaimer: I have position in the above mentioned stock
3200
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