Honeywell Automation jumped 11 per cent to Rs 815 after the company said it has received a contract worth Rs 193 crore from Indian Oil Corporation for automation of its retail petrol stations.
Honeywell is focused on industrial automation. Since the beginning of the month, the stock has gained 22 per cent.
The company has posted strong numbers for the June quarter with sales rising over 60 per cent and net profit increasing 77.50 per cent on year-on-year basis.
Honeywell Automation gains 11% on new order
DALAL STREET SPIKES
Our Markets Bureau / Mumbai Jul 20, 2005, 21:16 IST
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