Ahmedabad plant ops temporarily shut due to heavy rains

Capex & Operations View source PDF Explain this filing

3MINDIA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.1%Reaction day

₹35600.00

prior close

₹35790.00

announcement price

After-mkt

timing

Nifty Midcap 150market+1.1%-2.2% vs market

Diversified peers, median of 13sector+0.4%-1.6% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Midcap 150 and 1.6 pts less than its Diversified peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-0.6

15m

-0.3

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1+1.1-2.2+0.4-1.6

Next day

-1.1+1.1-2.2-0.9-0.1

-0.5+1.9-2.4-0.5-0.0

-2.1+1.5-3.6-2.3+0.3

-2.1+2.0-4.1-2.4+0.3

+0.6+3.2-2.7-1.1+1.7

+0.7+3.2-2.5-0.3+1.0

15d

-1.4+3.4-4.8-3.9+2.5

-3.4+3.6-7.0-2.7-0.7

-6.4-2.7-3.7-3.8-2.6

-19.2-7.4-11.8-12.1-7.1

UpDownMarket · Nifty Midcap 150Sector · Diversified peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

3M India has temporarily suspended manufacturing at its Ahmedabad plant due to heavy rainfall and flooding. Water levels are receding and operations are expected to resume in a few days. The company is assessing any damage to assets, though all assets are adequately insured. 3M says other manufacturing locations have sufficient capacity, so no material impact on overall operations is expected.

Likely market impact

Short-term disruption at one plant; no material impact expected as other facilities have sufficient capacity. Assets are insured.