3M India - A Beneficiary Of Budgeted Capex, Investments In Road Construction: ICICI Securities
3M Co. headquarters stands in St. Paul, Minnesota, U.S. (Photographer: Mike Bradley/Bloomberg)

3M India - A Beneficiary Of Budgeted Capex, Investments In Road Construction: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

3M India Ltd. is likely to be beneficiary of higher budgetary allocation to capital expenditure, road construction, production linked incentive announcements as well as higher allocation to healthcare.

The company supplies consumables used in these industries. There will be higher demand for its products such as abrasives, adhesives due to higher capex.

The demand for road markers, pavement markers, reflectors will increase with higher construction of roads.

With higher allocation to healthcare, the demand for products such as surgical and dental care products and personal safety products will increase.

Click on the attachment to read the full report:

ICICI Securities 3M India Budget Update.pdf

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