3M India Faces Continued Stock Decline Amid Broader Market Gains and High Volatility

3M India Ltd. has experienced a notable decline of 3.06% on February 4, 2025, continuing a downward trend that has seen the stock fall 4.86% over the past two days. The stock opened the day with a gain of 3.25%, reaching an intraday high of Rs 30,498.95, but ultimately closed lower, just 0.72% above its 52-week low of Rs 28,383.6.
In terms of market performance, 3M India underperformed its sector by 4.4%, while the broader Sensex index recorded a modest gain of 0.70%. The stock has shown high volatility today, with an intraday fluctuation of 5.41%. Additionally, 3M India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position. Over the past month, the stock has declined by 6.17%, contrasting with the Sensex's decrease of 1.89%. These metrics highlight the current challenges faced by 3M India in the diversified industry sector.