Buy Honeywell Automation India, price target Rs 35,000: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities Limited has a buy call on Honeywell Automation India Ltd. with a target price of Rs 35000.0 . The current price of Honeywell Automation India Ltd. is Rs 33317.65 . Shrikant Chouhan recommended to keep a stoploss at Rs 32650 .

Honeywell Automation India Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 29457.88 Crore) operating in Engineering sector.

Honeywell Automation India Ltd. key Products/Revenue Segments include Electronic Components which contributed Rs 1813.44 Crore to Sales Value (57.12 % of Total Sales), Sale of services which contributed Rs 933.10 Crore to Sales Value (29.39 % of Total Sales), Traded Goods which contributed Rs 426.87 Crore to Sales Value (13.44 % of Total Sales), Other Operating Revenue which contributed Rs .98 Crore to Sales Value (0.03 % of Total Sales) and Scrap which contributed Rs .35 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 31-12-2019, the company has reported a Standalone sales of Rs 901.20 Crore, up 8.90 % from last quarter Sales of Rs 827.52 Crore and up 11.01 % from last year same quarter Sales of Rs 811.79 Crore Company has reported net profit after tax of Rs 144.74 Crore in latest quarter.