Honeywell shares surge 18% after strong Q4 results
after close1 source ↓written by the desknot a recommendation
- to a six-month
- 18.4%
- following better-than-expected Q4
- ₹35,735
- YoY increase
- 14.2%
- net profit
- ₹160 cr
- rise in revenue
- 9%
Shares of Honeywell Automation India rose 18.4% to a six-month high of ₹35,735 following better-than-expected Q4 results. The company reported a 14.2% YoY increase in net profit to ₹160 cr and a 9% rise in revenue to ₹1,180.7 cr. JM Financial also raised its target price, boosting investor sentiment.
Not investment advice. For informational purposes only.