From ₹ 93 to ₹ 42,000: This Automation share increased the wealth of its investors 450 times, made 1 lakh ₹ 4.5 crore – Multibagger stock Honeywell Automation share price has risen by over 450 times since 1999

Shares of Honeywell Automation India Limited have gained over 11 per cent in the last one month. This jump in the company’s shares came after the June quarter results, in which the company has reported good growth in its profits and quarter.

Honeywell Automation is an integrated automation and software solutions provider. The company started its journey on the National Stock Exchange on January 1, 1999 and since then it has increased the wealth of its investors nearly 450 times.

Shares of Honeywell Automation closed at Rs 41,898 today i.e. on Friday 19th August. Whereas on January 1, 1999, its shares were listed on NSE at a price of Rs 93. In this way the shares of the company have given returns of about 44,951.61 per cent to its investors since then.

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share price history

Shares of Honeywell Automation closed at Rs 41,898 on Friday. A month ago on July 20, 2022, the price of its shares was Rs 37626.35 on NSE. In this way, its price has increased by about 11.35 percent in the last one month.

Whereas a year ago on 20 August 2021, the price of the company’s shares was Rs 39,097.10, which has now increased to Rs 41,898. In this way, the company has given a return of 7.16 per cent to its investors in the last one year. Talking about 5 years ago, its share price on 1st September 2017 was Rs 13,334.05. In this way, in the last 5 years, it has increased the wealth of its investors by about 214.22 percent.

10 years ago on August 24, 2012, the shares of Honeywell Automation were trading at around Rs 2,534.90 on NSE. In this way, in the last 10 years, the company has given a handsome multibagger return of 1552.85 per cent to its investors.

Whereas on January 1, 1999, the price of its shares was Rs 93, which has now increased to Rs 41,898. In this way, the company has given a return of 44,951.61 percent to its investors during this period. This means that if an investor had invested Rs 1 lakh in the shares of Honeywell Automation on January 1, 1999, his Rs 1 lakh would have increased to about Rs 4.5 crore today.

June quarter results

Honeywell Automation’s net profit grew by 11.5 per cent to Rs 102 crore in the June quarter, from Rs 91.5 crore in the year-ago quarter. At the same time, the company’s revenue increased by about 15 percent to Rs 786.17 crore in the June quarter, from 683 crore in the same quarter earlier.

Disclaimer: The information provided here is being given for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. It is never advised to invest money here on behalf of Moneycontrol.

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