15 Oct 2024

Honeywell Automation Rises After Securing AGL System Contract for Noida International Airport

Honeywell Automation India is trading at Rs. 50,238.95, marking a rise of 292.65 points or 0.59% from its previous close of Rs. 49,946.30 on the BSE.

The stock opened at Rs. 50,429.95, hitting an intraday high of Rs. 50,687.15 and a low of Rs. 49,769.90, with 86 shares traded so far.

This BSE group 'A' stock, with a face value of Rs. 10, reached a 52-week high of Rs. 59,700.00 on June 26, 2024, and a 52-week low of Rs. 34,990.00 on December 21, 2023.

In the last week, the stock's high and low stood at Rs. 50,687.15 and Rs. 48,400.40, respectively. The company's current market capitalization is Rs. 44,004.17 crore.

Promoters hold a 75% stake in the company, with institutional investors and non-institutional investors holding 15.12% and 9.87%, respectively.

Honeywell Automation India recently won a contract to install its Airfield Ground Lighting (AGL) system at Noida International Airport. The system will provide vital visual aids to enhance aircraft safety and operational efficiency, particularly in challenging weather conditions.

Honeywell’s advanced AGL system features intelligent lighting technology that streamlines ground movement for pilots and enhances situational awareness through automatic lighting control, integrating with aircraft surveillance and tracking systems.

Honeywell Automation India (HAIL) is known for its expertise in integrated automation, process, and building solutions.