October 3, 2022
If we look at the price history of Honeywell Automation India Ltd, the stock has returned 44,951.61% to reach an all-time high of Rs 93. In other words, in 23 years, one lakh four and a half crores have been invested in shares. If we look at the history of last 5 years only, it has increased from Rs 13,334 till date. Meanwhile, the stock has given a multibagger return of over 215 percent.

Honeywell Automation India Limited has returned over 4 crores on an investment of Rs 1 lakh in 23 years. With a market cap of Rs 37,117.55 crore, the company has been a hit for investors. The company, which provides integrated automation and software solutions, was listed on the National Stock Exchange on January 1, 1999 at Rs.93. It is priced at Rs 41,898 at market close today. Compared to yesterday, it has decreased by 2.60 percent.

If we look at the price history of Honeywell Automation India Ltd, the stock has returned 44,951.61% to reach an all-time high of Rs 93. In other words, in 23 years, one lakh four and a half crores have been invested in shares. If we look at the history of last 5 years only, it has increased from Rs 13,334 till date. Meanwhile, the stock has given a multibagger return of over 215 percent.
Talking about last year, this stock has increased by 7.16 percent. As the market is very volatile in 2022, this stock has not given any positive returns so far. The stock has a 52 week high of Rs 47,275.95 and a 52 week low of Rs 30,185.35.
Should you invest in Honeywell now?

Brokerage firm Sharekhan said its performance in the first quarter of FY23 beat estimates. Annual revenue has grown by 15 percent. 744 crores was expected, but the revenue has been 786 crores. Talking about gross profit (48.8%), it is slightly lower than last quarter (52.3%). The cash plow position of the company is good. The Sharekhan report states that with an excellent business model, the company is completely debt-free. From a long term perspective, this company will perform well and investors will get good returns. The brokerage firm has maintained its BUY rating on the stock and set a target price of Rs 49,750.

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