Honeywell Automation is currently trading at Rs. 1870.00, up by 14.15 points or 0.76% from its previous closing of Rs. 1855.85 on the BSE.
The scrip opened at Rs. 1820.00 and has touched a high and low of Rs. 1887.00 and Rs. 1820.00 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2929.80 on 12-Jul-2011 and a 52 week low of Rs. 1620.00 on 15-Dec-2011.
Last one week high and low of the scrip stood at Rs. 1920.00 and Rs. 1725.05 respectively. The current market cap of the company is Rs. 1652.48 crore.
The promoters holding in the company stood at 81.24% while Institutions and Non-Institutions held 5.20% and 13.56% respectively.
Honeywell Automation India has lowered the billing rates for services it provides to the units of parent Honeywell International Inc. and other customers, and expects the rate cut to affect its 2012 revenue by about 1.5%.
These changes to billing rates are carried out after considering prevalent economic conditions, cost pressures and service availability. The company estimates that such change in billing rates is likely to have negative revenue impact.
Honeywell Automation India is a leading provider of integrated automation and software solutions that improve productivity, enhance comfort and ensure safety and security of homes and business premises.