Buy Honeywell Automation, target price Rs 48258: Yes Securities

Honeywell Automation India Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 36991.12 Crore) operating in Engineering sector.

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Promoters held 75 per cent stake in the company as of June 30, 2020, while FIIs held 0.8 per cent, DIIs 13.8 and public and others 10.4 per cent.
Yes Securities has buy call on Honeywell Automation India Ltd. with a target price of Rs 48258. The current market price of Honeywell Automation India Ltd. is Rs 42691.

Honeywell Automation India Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 36991.12 Crore) operating in Engineering sector.

Financials
For the quarter ended 31-12-2020, the company reported a Standalone sales of Rs 874.16 Crore, up 15.07 % from last quarter Sales of Rs 759.69 Crore and down -3.00 % from last year same quarter Sales of Rs 901.20 Crore Company reported net profit after tax of Rs 149.89 Crore in latest quarter.

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Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of June 30, 2020, while FIIs held 0.8 per cent, DIIs 13.8 and public and others 10.4 per cent.
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