Honeywell Automation jumps on good Q2 figures

DALAL STREET SPIKES

Honeywell Automation India closed 5.36 per cent higher at Rs 945 on Wednesday after the company reported a 58.20 per cent year-on-year rise in net profit to Rs 28.95 crore in the third quarter ended September 2008. Net sales grew by 4.89 per cent during the period.

The results were announced by the company on October 14 after market hours. The stock opened 1.4 per cent higher at Rs 910 (low of the day) and thereafter touched an intra-day high of Rs 1,001. A total of 4,050 shares changed hands on the bourses today.