3M India: good reasons for premium valuation2 min read 12 Mar 2013, 03:21 PM IST
The stock remains expensive as it trades at 76.7 times its trailing 12 month earnings per share
3M Co.’s decision to cut its stake in its 3M India Ltd unit to 25% to become compliant with listing guidelines appears to have disappointed some investors. The offer for sale signals its intention to keep the subsidiary listed and rules out a delisting windfall, at least in the near future.
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