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3M India Q4 Results Review - Strong Increase In Dividend Payout Ratio, EVA Accretive: ICICI Securities

Maintain Buy with a revised DCF-based target price of Rs 39,500 (implying 62 times FY26E earnings per share; earlier target price: Rs 38,400).

<div class="paragraphs"><p>3M India Ltd. (Source: Company website)</p></div>
3M India Ltd. (Source: Company website)
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