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Honeywell Automation India Ltd posts Rs. 91.53 crores PAT in Q1FY22

Honeywell Automation India Ltd posts Rs. 91.53 crores PAT in Q1FY22
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Honeywell Auto slips after Q4 PAT declines 6% YoY

Honeywell Automation fell 1.36% to Rs 42,286.70 after the company s net profit declined 6.4% to Rs 104.02 crore in Q4 FY21 compared with Rs 111.14 crore in Q4 FY20.Revenue from operations fell 4.48% to Rs 672.70 crore in Q4 FY21 as against Rs 704.26 crore in Q4 FY20. Profit before tax tumbled 7.17% to Rs 138.26 crore in Q4 FY21 as against Rs 148.94 crore in Q4 FY20.
The company said its operations and financial results for the quarter have not been materially impacted by the lockdown. The company said it continues to monitor the economic effects of the pandemic while taking steps to improve its execution efficiencies and financial outcome. ....

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Benchmarks end almost flat; Adani Group stocks rally

Read more about Benchmarks end almost flat; Adani Group stocks rally on Business Standard. The domestic equity benchmarks ended almost flat after a volatile session on Tuesday. While selling was wide spread, most IT and pharma stocks managed to end in the green. ....

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Indices bounce back; Nifty near 15,600

The benchmark indices bounced back in positive terrain in afternoon trade, tracking firm global cues. At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 74.95 points or 0.14% at 52,012.39. The Nifty 50 index gained 13.35 points or 0.09% at 15,596.15.
Housing Development Finance Corporation (HDFC) (up 1.18%), Bajaj Finance (up 1.78%) and State Bank of India (SBI) (up 1.74%) boosted the indices.
The broader market traded lower. The S&P BSE Mid-Cap index lost 0.11%. The S&P BSE Small-Cap index fell 0.28%.
Sellers outnumbered buyers. On the BSE, 1,211 shares rose and 1,812 shares fell. A total of 133 shares were unchanged.
Foreign portfolio investors (FPIs) bought shares worth Rs 2,412.39 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 179.78 crore in the Indian equity market on 31 May 2021, provisional data showed. ....

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