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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.
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