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Buy Honeywell Automation India; target of Rs 52,407: Sharekhan

Sharekhan is bullish on Honeywell Automation India has recommended buy rating on the stock with a target price of Rs 52,407 in its research report dated Jun 01, 2021.

June 10, 2021 / 12:19 PM IST
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Sharekhan's research report on Honeywell Automation India

Q4 results lagged estimates as revenue booking may have been affected by supply chain disruptions. However, OPM improved y-o-y despite pressure on gross margins. Honeywell is expected to benefit from parent’s strong growth outlook for key segments, while domestic growth is expected to be driven by oil & gas, smart cities, airports and building solution segments. Company continues to generate strong cash flows, maintaining strong balance sheet.


We retain a Buy on Honeywell Automation India with a revised price target of Rs. 52,407 factoring a marginal reduction in revised estimates.

For all recommendations report, click here

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Broker Research
first published: Jun 3, 2021 10:42 am

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