India, March 13 -- Shares of 3M India Ltd have always enjoyed a high valuation multiple, with the company's stock carrying a PE ratio of 117, much higher than its industrial counterpart. Although these valuation multiples may appear high at first glance, a closer look at the company's earnings, exceptional charges, and parent company support may help understand the high valuation.

Stock rally after strong Q2 performance The company's recent Q2 FY26 performance has led to a significant rally in the company's shares, with investors responding well to its robust performance. Steady sales growth in segments such as Safety & Industrial, Transportation & Electronics, Healthcare, and Consumer has helped the company solidify its position in the ...