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Honeywell Automation Gains 5%; BSE CAPITAL GOODS Index Up 1.5%
Wed, 12 Jun 10:51

Honeywell Automation share price has zoomed 5% and is presently trading at Rs 55,838.6.

Meanwhile, the BSE CAPITAL GOODS index is at 70,850.3 (up 1.5%).

Among the top gainers in the BSE CAPITAL GOODS index today are Carborundum Universal (up 4.1%) and Siemens (up 3.2%).

TIMKEN INDIA (down 1.7%) and AIA Engineering (down 1.0%) are among the top losers today.

Over the last one year, Honeywell Automation has moved up from Rs 41,001.8 to Rs 55,838.6, registering a gain of Rs 14,836.8 (up 36.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,203.6 to 70,850.3, registering a gain of 80.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 245.7%), HINDUSTAN AERO. (up 166.4%) and Bharat Electronics (up 145.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 77,033.6 (up 0.8%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 1.6%) and HCl Tech. (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,421.4 (up 0.7%). Coal India and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,724.7 to 77,033.6, registering a gain of 14,308.9 points (up 22.8%).

Honeywell Automation Financial Update...

Honeywell Automation net profit grew 32.3% YoY to Rs 1,482 million for the quarter ended March 2024, compared to a profit of Rs 1,120 million a year ago. Net sales rose 11.9% to Rs 9,507 million during the period as against Rs 8,497 million in January-March 2023.

For the year ended March 2023, Honeywell Automation reported 29.2% increase in net profit to Rs 4,380 million compared to net profit of Rs 3,391 million during FY22. Revenue of the company grew 16.9% to Rs 34,476 million during FY23.

The current Price to earnings ratio of Honeywell Automation, based on rolling 12 month earnings, stands at 98.5.


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