Honeywell Automation India rebounds from opening lows to hit fresh 52-week high

Over the past year, shares of the company have gained around 36 percent in trade.

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26 Aug, 2025 12:21

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Honeywell Automation India shares erased opening lows to surge eight percent in early trade on May 16.

The Indian arm of US conglomerate Honeywell International reported a significant rise in fourth-quarter profit on Wednesday, driven by strong industrial and infrastructure demand.

The engineering firm's profit jumped 32 percent to Rs 148 crore for the quarter ended March 31, up from Rs 112 crore a year ago. Revenue from operations increased nearly 12 percent year-on-year to Rs 951 crore.

Initially, Honeywell Automation India shares fell six percent at market open. However, the stock reversed course, soaring 15.6 percent from the day's low to reach a fresh 52-week high.

By 11 am, the shares were trading at Rs 51,566.95 on the NSE, up 4.6 percent from the previous session's close.

Honeywell Automation India's board of directors announced a final dividend of Rs 100 apiece for the financial year ended March 31, 2024.

Antique Stock Broking maintained its hold call on the counter but revised its target price to Rs 52,328 per share. The upward revision factored in improved business performance, on the strong domestic capex environment which is expected to play out.

The company has officially accepted the resignation of Ashish Gaikwad, who served as Managing Director. Gaikwad has been entrusted with "a new and broader responsibility" at Honeywell, as the India Leader for Industrial Automation (IA) business, one of Honeywell International Inc's strategic business groups.

Atul Vinayak Pai has been designated as the new Managing Director and Key Managerial Personnel according to the Companies Act, 2013.

Over the past year, shares of the company have gained around 36 percent in trade. In comparison, the frontline index Nifty 50 has risen around 22 percent during the same time.