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Honeywell Automation Plunges 6%; BSE CAPITAL GOODS Index Up 1.3%
Wed, 30 Oct 9:18

Honeywell Automation Plunges 6%; BSE CAPITAL GOODS Index Up 1.3%Image source: StarLineArts/www.istockphoto.com

Honeywell Automation share price has plunged 6% and is presently trading at Rs 46,021.1.

Meanwhile, the BSE CAPITAL GOODS index is at 67,271.8 (up 1.3%).

Among the top losers in the BSE CAPITAL GOODS index today are ADANI GREEN ENERGY (down 1.0%) and Graphite India (down 0.8%).

Lakshmi Machine (up 4.1%) and GRINDWELL NORTON (up 1.7%) are among the top gainers today.

Over the last one year, Honeywell Automation has moved up from Rs 36,083.0 to Rs 46,021.1, registering a gain of Rs 9,938.2 (up 27.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,914.5 to 67,271.8, registering a gain of 46.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 132.8%), Bharat Electronics (up 114.9%) and Siemens (up 101.1%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,237.9 (down 0.2%).

The top losers among the BSE Sensex today are Tata Steel (down 1.1%) and ICICI Bank (down 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,371.5 (down 0.4%). Cipla and M&M are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 80,237.9, registering a gain of 16,125.2 points (up 25.2%).

Honeywell Automation Financial Update...

Honeywell Automation net profit fell 5.6% YoY to Rs 1,151 million for the quarter ended September 2024, compared to a profit of Rs 1,219 million a year ago. Net sales declined 7.3% to Rs 10,239 million during the period as against Rs 11,042 million in July-September 2023.

For the year ended March 2024, Honeywell Automation reported 14.5% increase in net profit to Rs 5,014 million compared to net profit of Rs 4,380 million during FY23. Revenue of the company grew 17.7% to Rs 40,582 million during FY24.

The current Price to earnings ratio of Honeywell Automation, based on rolling 12 month earnings, stands at 77.1.


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