Honeywell Automation India set for best day in 3 yr on strong Q4 report

Honeywell Automation India

18/05/2023 06:21

** Honeywell Automation India Ltd  HONE.NS  jumps 8.5% to
40,650 rupees, set for best one-day gain since Aug 2020
    ** The integrated automation and software solutions provider
posts 54.2% rise in Q4 profit
    ** Antique Stock Broking says "HAIL has reverted back to the
growth trajectory post eight quarters of decline across all
operational parameters"
    ** Says Q4 boosted by better-than-estimated gross, EBITDA
margins; keeps "buy" and raises PT to 44,443 rupees
    ** Trading volume is over 4x the 30-day avg
    ** The avg rating of the eight analysts tracking HONE is
"hold" and median TP is 39,500 rupees
    ** Stock's jump helps it cut YTD declines to 2.4%

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))