Honeywell Automation India hits record high in busiest day since Dec 2012

Honeywell Automation India

16/05/2024 11:44

** Shares of engineering firm Honeywell Automation India
 HONE.NS  rose as much as 20% during session to hit record high
of 58,994 rupees
    ** HONE closes 13% higher, rallying for fifth straight
session 
    ** Co posts higher Q4 profit on strong infrastructure demand
    ** Brokerage Nomura raises PT to 53,600 rupees from 46,100
rupees on improving business prospects 
    ** Share trading vols 22x 30-day avg. in busiest day since
Dec 2012 
    ** Day's gains take YTD surge to 51% after ~12% fall in 2023

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))