BUZZ-Honeywell Automation India rises most in two years on quarterly profit jump
Honeywell International Inc. HON | 0.00 | |
Harborone Bancorp HONE | 0.00 |
** Shares of Honeywell Automation India HONE.NS jump ~8.1% to 32,615 rupees, their highest intraday pct jump in two years
** HONE is top gainer on Nifty India Manufacturing .NIFTYINDIAMFG index, which is up ~0.7%
** The engineering firm's Q4 profit rose ~14.2% y/y to 1.6 billion rupees ($16.60 million)
** Revenue from ops rose 5.9% y/y, outpacing a 4.2% increase in total expenses, helping profitability
** Trading vols at nearly 4.5x the 30-day average
** HONE rated "hold" on average by five analysts, median PT: 39,725 rupees - data compiled by LSEG
** YTD, stock down ~0.5% vs Nifty India Manufacturing's 2.4% gain
($1 = 96.3750 Indian rupees)
