Honeywell Automation jumps after robust Q4 results

Honeywell Automation India rose 4.07% to Rs 9,575 at 13:52 IST on BSE after net profit surged 293.53% to Rs 27.98 crore on 30.21% increase in net sales to Rs 564.03 crore in Q4 March 2016 over Q4 March 2015.

The result was announced during trading hours today, 17 May 2016.

Meanwhile, the BSE Sensex was up 211.57 points, or 0.82%, to 25,864.80.

On BSE, so far 8,351 shares were traded in the counter, compared with an average volume of 55 shares in the past one quarter. The stock hit a high of Rs 10,167.05 so far during the day, which is also a record highe for the counter. The stock hit a low of Rs 9,150 so far during the day. The stock hit a 52-week low of Rs 6,701 on 27 May 2015. The stock had outperformed the market over the past one month till 16 May 2016, rising 0.69% compared with 0.10% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 14.82% as against Sensex's 10.61% rise.

The mid-cap company has an equity capital of Rs 8.84 crore. Face value per share is Rs 10.

Honeywell Automation India's net profit rose 21.29% to Rs 138.51 crore on 9.02% decline in net sales to Rs 2186.56 crore in the year ended March 2016 over the year ended March 2015.

Honeywell Automation India is engaged in the business of automation and control systems.

Powered by Capital Market - Live News