Honeywell Automation India rises most in two years on quarterly profit jump

Honeywell Automation India

21/05/2026 06:04

** Shares of Honeywell Automation India HONE.NS jump ~8.1% to 32,615 rupees, their highest intraday pct jump in two years

** HONE is top gainer on Nifty India Manufacturing .NIFTYINDIAMFG index, which is up ~0.7%

** The engineering firm's Q4 profit rose ~14.2% y/y to 1.6 billion rupees ($16.60 million)

** Revenue from ops rose 5.9% y/y, outpacing a 4.2% increase in total expenses, helping profitability

** Trading vols at nearly 4.5x the 30-day average

** HONE rated "hold" on average by five analysts, median PT: 39,725 rupees - data compiled by LSEG

** YTD, stock down ~0.5% vs Nifty India Manufacturing's 2.4% gain

($1 = 96.3750 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))