Honeywell Automation India on Monday reported a 32.01 per cent rise in its standalone net profit to Rs 136.5 crore for the June-ended quarter. It had posted a net profit of Rs 103.4 crore in the year-ago period.

Honeywell Automation India Q1 Results: Profit rises 32% to Rs 136.5 crore

The Indian unit of US-based Honeywell International reported a profit of Rs 137 crore (around $16 million), compared to Rs 103 crore a year ago

Honeywell India’s Q1 profit jumps to Rs 137 cr on order execution

Honeywell Automation India standalone net profit rises 32.01% in the June 2024 quarter

Upcoming results: Oil and Natural Gas Corporation(ONGC), Bharti Airtel, Marico, BEML, Bharti Hexacom, Avanti Feeds, BLS International, Motherson Sumi Wiring India, Brigade Enterprises, Century Plyboards, Deepak Nitrite, Devani International, Gujarat State Fertilizers and Chemicals (GSFC), H.G. Infra Engineering, Honeywell Automation, Orient Cement, Sandhur Maganese and Iron Ores, Schneider Electric Infrastructure, Syrma SGS Technology, Tata Chemicals, Triveni Turbine, V-Mart Retail, VRL Logistics.

Stock Alert: Britannia Inds, Titan Company, Divis Lab, State Bank of India, Delhivery, Sheela Foam

Honeywell announced a long-term deal with Air India to maintain Auxiliary Power Units (APUs) in its aircraft fleet. This collaboration will help reduce maintenance costs and improve fleet availability. Honeywell emphasized their commitment to supporting Air India’s modernization and growth. The agreement is aimed at achieving more efficient and reliable operations.

Honeywell signs long-term maintenance deal with Air India

Around 29% of Indian companies have already fully launched their artificial intelligence strategy and 27% see data as their most important asset, according to a new study by industrial automation company Honeywell.

Indian Industries See AI As Catalyst For Revenue Streams, Can Spend More On Talent: Honeywell

Honeywell Speakers: Secure Connection is a Hong Kong-based electronic products manufacturer and official brand licensee of Honeywell

Honeywell-branded wireless speakers launched in India by Secure Connection

The partnership will combine Honeywell Forge’s industrial IoT software capabilities with PwC’s consulting offerings.

Honeywell, PwC India To Support Digitalisation Of Industrial, Infrastructure Companies

Honeywell's global chief executive officer (CEO) Vimal Kapur outlined a robust growth plan that centers around three significant mega trends — aviation, automation, and energy transition.

In a conversation with CNBC-TV18 managing editor Shereen Bhan on the sidelines of the World Economic Forum (WEF) at the Swiss resort town of Davos, Kapur envisions Honeywell evolving and thriving in these key sectors to position the company for the next stage of growth.

Listen in.

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Well Positioned To Take On 3 Big Mega Trends- Aviation, Automation & Energy Transition: Honeywell

Sharekhan is bullish on Honeywell Automation India has recommended buy rating on the stock with a target price of Rs 45,000 in its research report dated November 23, 2023.

Buy Honeywell Automation India; target of Rs 45,000 Sharekhan

The technology in question will see the coming together of an AI use case along with a sensing suite that is programmed to track facets like off-gassing and changes in battery pressure, before feeding these findings into a data management system. Tune in for more details.


  #honeywell #artificialintelligence #technology #ev #datamanagement #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday   #cnbctv18 

Read More: https://www.cnbctv18.com/auto/honeywell-is-researching-ai-to-predict-ev-battery-fires-tech-could-be-market-ready-by-2025-17874561.htm

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Honeywell Bets Big On India's EV Transition | CNBC TV18

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Honeywell Automation India Limited is engaged in the manufacture of electronic systems and components; repair and maintenance, and trading of machinery, equipments and supplies. The Company operates through the Automation & Control Systems segment.