Fundamental Analysis
HONEYWELL AUTOMATION INDIA LTD
{ Ticker : 517174 { BUY: Rs. 34,106.25 { Target: Rs. 38,000

Honeywell Automation India Limited is engaged in the manufacturing of electronic systems and components, repair and maintenance and also of trading of machinery, equipments and supplies. On the standalone quarterly financial front, the net sales increased by 11.01 per cent to Rs 901.20 crore in Q3FY20, from Rs 811.79 crore in Q3FY19. PBDT for Q3FY20 stood at Rs 205.94 crore, a growth of 51.54 per cent as compared to Rs 135.90 crore in Q3FY19. In Q3FY20, the net profit rose by 69.05 per cent to Rs 144.74 crore as compared to Rs 85.62 crore in Q3FY19. Considering the company’s strong financial performance for the quarter, a positive growth trend is likely to be seen. Hence, we recommend a BUY.